Cracker Barrel Old Country Store, Inc. $CBRL Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,489 shares of the restaurant operator’s stock after selling 2,590 shares during the period. Rhumbline Advisers owned about 0.32% of Cracker Barrel Old Country Store worth $2,775,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GMT Capital Corp purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth about $78,750,000. Jump Financial LLC purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth about $389,000. Capital Investment Counsel Inc lifted its stake in Cracker Barrel Old Country Store by 53.2% in the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock worth $1,104,000 after acquiring an additional 9,875 shares in the last quarter. Trexquant Investment LP purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth about $4,795,000. Finally, Bayforest Capital Ltd purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth about $342,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL opened at $51.21 on Wednesday. The business has a fifty day simple moving average of $59.58 and a 200 day simple moving average of $52.78. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.85 and a beta of 1.41. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year high of $71.93.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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 research note on Friday, June 6th. Truist Financial cut their price target on Cracker Barrel Old Country Store from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Monday. UBS Group reaffirmed a “neutral” rating and set a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Loop Capital raised their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, June 6th. Finally, Citigroup raised their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “sell” rating in a research note on Monday, September 8th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.43.

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.