Raymond James Financial Inc. Has $3.26 Million Stock Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Raymond James Financial Inc. cut its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,953 shares of the restaurant operator’s stock after selling 3,011 shares during the period. Raymond James Financial Inc. owned 0.38% of Cracker Barrel Old Country Store worth $3,259,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after buying an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after acquiring an additional 417 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $25,000. South Dakota Investment Council increased its position in shares of Cracker Barrel Old Country Store by 4.8% during the first quarter. South Dakota Investment Council now owns 17,400 shares of the restaurant operator’s stock worth $675,000 after acquiring an additional 800 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 922 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Cracker Barrel Old Country Store Price Performance

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

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

Cracker Barrel Old Country Store 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.