Parvin Asset Management LLC Invests $893,000 in Cracker Barrel Old Country Store, Inc. $CBRL

Parvin Asset Management LLC purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, HoldingsChannel reports. The fund purchased 16,745 shares of the restaurant operator’s stock, valued at approximately $893,000.

A number of other institutional investors also recently modified their holdings of CBRL. Alliancebernstein L.P. raised its holdings in Cracker Barrel Old Country Store by 1,068.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock valued at $74,655,000 after acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. lifted its holdings in Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $43,930,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Cracker Barrel Old Country Store in the 2nd quarter worth about $11,152,000. Finally, Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $5,225,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Cracker Barrel Old Country Store

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks upgraded CBRL to Strong Buy: The upgrade reflects improving earnings expectations and could provide near-term support for the shares. All You Need to Know About Cracker Barrel Rating Upgrade to Strong Buy
• Positive Sentiment: Higher earnings forecast: Zacks raised its fiscal second-quarter 2027 EPS estimate to $0.63 from $0.55 and maintained its Strong Buy rating, signaling greater confidence in the company’s earnings outlook. Cracker Barrel earnings estimate report
• Positive Sentiment: Cracker Barrel’s latest quarterly results exceeded expectations, with EPS of $0.29 versus a projected loss of $0.45 and revenue of approximately $797.4 million, above consensus. These results, along with tighter costs and raised fiscal 2026 guidance, underpin the recent rally. Cracker Barrel Stock Jumps 78% in 6 Months
• Neutral Sentiment: Options-market implied volatility has risen, indicating that traders expect larger-than-usual price swings. This may increase speculative interest but also signals heightened risk around CBRL. Implied Volatility Surging for Cracker Barrel Stock Options
• Negative Sentiment: Despite operational improvements, guest traffic remains weak and quarterly revenue declined 2.9% year over year. After the sharp rally, CBRL also trades at a relatively high earnings multiple, leaving the stock vulnerable if growth or guidance disappoints.

Cracker Barrel Old Country Store Stock Up 0.5%

CBRL stock opened at $58.56 on Thursday. The company’s 50 day moving average is $53.94 and its 200 day moving average is $39.39. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 50.48 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $63.15.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBRL. Wells Fargo & Company increased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.14.

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.