Wedge Capital Management L L P NC Increases Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Wedge Capital Management L L P NC boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 26.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,169 shares of the restaurant operator’s stock after purchasing an additional 5,674 shares during the quarter. Wedge Capital Management L L P NC owned about 0.12% of Cracker Barrel Old Country Store worth $1,145,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $187,000. CWM LLC boosted its holdings in Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares during the last quarter. Bank & Trust Co purchased a new stake in Cracker Barrel Old Country Store during the second quarter valued at about $81,000. GAMMA Investing LLC increased its stake in Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth about $301,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Up 0.2 %

CBRL stock traded up $0.10 during trading on Friday, reaching $40.67. The stock had a trading volume of 27,149 shares, compared to its average volume of 748,358. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $42.54 and a 200 day moving average price of $56.31. The company has a market capitalization of $902.96 million, a P/E ratio of 14.97, a PEG ratio of 1.15 and a beta of 1.43. Cracker Barrel Old Country Store, Inc. has a 1-year low of $37.21 and a 1-year high of $86.16.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, topping the consensus estimate of $0.56 by $0.32. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The business had revenue of $817.14 million for the quarter, compared to analysts’ expectations of $820.61 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.82 earnings per share for the current year.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of research reports. CL King cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, May 17th. Citigroup decreased their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Bank of America decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Finally, Truist Financial lowered their price target on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $59.86.

Cracker Barrel Old Country Store 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.