GFS Advisors LLC Purchases New Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

GFS Advisors LLC purchased a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the restaurant operator’s stock, valued at approximately $508,000. GFS Advisors LLC owned about 0.09% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. LPL Financial LLC boosted its position in Cracker Barrel Old Country Store by 89.0% during the fourth quarter. LPL Financial LLC now owns 63,154 shares of the restaurant operator’s stock valued at $1,604,000 after purchasing an additional 29,737 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $35,000. J.W. Cole Advisors Inc. bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $213,000. AXQ Capital LP bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $209,000. Finally, Jupiter Asset Management Ltd. raised its stake in Cracker Barrel Old Country Store by 173.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after buying an additional 98,686 shares during the period. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $36.30 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The business has a fifty day simple moving average of $30.80 and a 200 day simple moving average of $29.89. Cracker Barrel Old Country Store, Inc. has a 1 year low of $24.85 and a 1 year high of $71.93. The company has a market capitalization of $811.31 million, a PE ratio of -201.66 and a beta of 1.30.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last posted its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The company had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post -1.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upped their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Wall Street Zen lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. Wells Fargo & Company upgraded Cracker Barrel Old Country Store from a “negative” rating to an “overweight” rating in a research note on Wednesday. Finally, Truist Financial upped their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Read Our Latest Stock Report on Cracker Barrel Old Country Store

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About Cracker Barrel Old Country Store

(Free Report)

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.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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