Quantbot Technologies LP Invests $2.06 Million in Cracker Barrel Old Country Store, Inc. $CBRL

Quantbot Technologies LP purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, Holdings Channel reports. The institutional investor purchased 38,737 shares of the restaurant operator’s stock, valued at approximately $2,065,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in Cracker Barrel Old Country Store during the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at $35,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 22.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Argus lifted their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Finally, UBS Group reissued a “neutral” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $58.02 on Tuesday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 50.02 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $63.15. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $53.35 and its two-hundred day moving average is $39.03.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.74. The business 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 net margin of 0.79% and a return on equity of 2.78%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store 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.