TCM Advisors LLC Purchases New Shares in Cracker Barrel Old Country Store, Inc. $CBRL

TCM Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,518 shares of the restaurant operator’s stock, valued at approximately $667,000. TCM Advisors LLC owned approximately 0.06% of Cracker Barrel Old Country Store at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at about $37,000. Caitong International Asset Management Co. Ltd purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $26,000. Axiom Investment Management LLC bought a new stake in Cracker Barrel Old Country Store in the 1st quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter worth about $35,000. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $50,000 after buying an additional 321 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CBRL shares. Citigroup lifted their target price on shares of 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. 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. Argus boosted their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Finally, UBS Group reiterated a “neutral” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $57.65 on Monday. The company has a market cap of $1.29 billion, a P/E ratio of 49.70 and a beta of 1.20. The stock’s fifty day moving average price is $53.06 and its two-hundred day moving average price is $38.85. Cracker Barrel Old Country Store, Inc. has a 1 year low of $24.85 and a 1 year high of $63.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

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

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.