Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 209,229 Cracker Barrel Old Country Store, Inc. $CBRL

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 209,229 shares of the restaurant operator’s stock, valued at approximately $11,152,000.

Other hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock valued at $74,655,000 after acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. increased its position in shares of Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $43,930,000. Marshall Wace LLP acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth about $5,225,000. Finally, Bridgeway Capital Management LLC bought a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $3,962,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store News Roundup

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks upgraded CBRL to Strong Buy: The upgrade reflects improving earnings expectations and could provide near-term support for the shares. All You Need to Know About Cracker Barrel Rating Upgrade to Strong Buy
• Positive Sentiment: Higher earnings forecast: Zacks raised its fiscal second-quarter 2027 EPS estimate to $0.63 from $0.55 and maintained its Strong Buy rating, signaling greater confidence in the company’s earnings outlook. Cracker Barrel earnings estimate report
• Positive Sentiment: Cracker Barrel’s latest quarterly results exceeded expectations, with EPS of $0.29 versus a projected loss of $0.45 and revenue of approximately $797.4 million, above consensus. These results, along with tighter costs and raised fiscal 2026 guidance, underpin the recent rally. Cracker Barrel Stock Jumps 78% in 6 Months
• Neutral Sentiment: Options-market implied volatility has risen, indicating that traders expect larger-than-usual price swings. This may increase speculative interest but also signals heightened risk around CBRL. Implied Volatility Surging for Cracker Barrel Stock Options
• Negative Sentiment: Despite operational improvements, guest traffic remains weak and quarterly revenue declined 2.9% year over year. After the sharp rally, CBRL also trades at a relatively high earnings multiple, leaving the stock vulnerable if growth or guidance disappoints.

Cracker Barrel Old Country Store Trading Up 0.5%

CBRL opened at $58.56 on Thursday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $63.15. The stock has a market capitalization of $1.31 billion, a PE ratio of 50.48 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $39.39.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same period in the prior year, the business earned $0.56 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on CBRL. UBS Group restated a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Argus raised their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Zacks Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday. Bank of America boosted their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Finally, Citigroup increased their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.