Pinnacle Financial Partners Inc. Makes New $211,000 Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Pinnacle Financial Partners Inc. bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,226 shares of the restaurant operator’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nuveen Asset Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 110,575 shares of the restaurant operator’s stock worth $14,587,000 after acquiring an additional 1,258 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Cracker Barrel Old Country Store by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 147,735 shares of the restaurant operator’s stock worth $19,490,000 after acquiring an additional 4,172 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $40,000. Virtu Financial LLC acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at $414,000. Finally, Hodges Capital Management Inc. acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $3,827,000. Institutional investors own 74.78% of the company’s stock.

A number of equities research analysts have commented on the company. MKM Partners increased their target price on Cracker Barrel Old Country Store from $155.00 to $160.00 in a report on Thursday, April 1st. Telsey Advisory Group increased their price target on Cracker Barrel Old Country Store from $165.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, March 12th. Truist lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Monday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on Cracker Barrel Old Country Store in a research note on Monday, March 29th. They set a “buy” rating and a $195.00 price target on the stock. Finally, Sidoti reissued a “neutral” rating and set a $180.00 price target on shares of Cracker Barrel Old Country Store in a research note on Monday, March 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $155.27.

Shares of NASDAQ CBRL opened at $171.32 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $77.05 and a 12-month high of $178.82. The company has a market cap of $4.06 billion, a P/E ratio of 43.15 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 1.50 and a debt-to-equity ratio of 1.54. The stock has a fifty day moving average price of $169.95 and a 200 day moving average price of $143.97.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Monday, February 22nd. The restaurant operator reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.10). The business had revenue of $677.17 million for the quarter, compared to analyst estimates of $676.88 million. Cracker Barrel Old Country Store had a net margin of 3.92% and a return on equity of 3.54%. The firm’s revenue was down 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.70 earnings per share. On average, sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.4 EPS for the current fiscal year.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items.

See Also: Systematic Risk

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

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