MetLife Investment Management LLC Reduces Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

MetLife Investment Management LLC lessened its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,130 shares of the restaurant operator’s stock after selling 241 shares during the period. MetLife Investment Management LLC owned 0.06% of Cracker Barrel Old Country Store worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CBRL. Towle & Co. purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $13,575,000. Woodline Partners LP purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $3,990,000. GAMMA Investing LLC lifted its position in shares of Cracker Barrel Old Country Store by 1,901.6% during the 1st quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator’s stock valued at $1,842,000 after buying an additional 45,068 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Cracker Barrel Old Country Store by 47.4% during the 4th quarter. Two Sigma Advisers LP now owns 98,302 shares of the restaurant operator’s stock valued at $5,196,000 after buying an additional 31,600 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $1,176,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent research reports. Citigroup reaffirmed a “sell” rating and set a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Loop Capital increased their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, June 6th. UBS Group reissued a “neutral” rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Bank of America increased their price objective on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, June 6th. Finally, Truist Financial increased their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.14.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $52.81 on Monday. The stock’s 50-day simple moving average is $61.65 and its 200 day simple moving average is $52.58. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.47 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.85 and a 52-week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.41. The business had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.