Ieq Capital LLC Purchases New Shares in Cracker Barrel Old Country Store, Inc. $CBRL

Ieq Capital LLC purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,339 shares of the restaurant operator’s stock, valued at approximately $1,617,000. Ieq Capital LLC owned 0.14% of Cracker Barrel Old Country Store as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CBRL. Maxi Investments CY Ltd purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $1,168,000. UBS Group AG lifted its position in Cracker Barrel Old Country Store by 50.3% during the 4th quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock valued at $7,422,000 after acquiring an additional 97,761 shares during the period. Jupiter Asset Management Ltd. lifted its position in Cracker Barrel Old Country Store by 173.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after acquiring an additional 98,686 shares during the period. Quantinno Capital Management LP bought a new stake in Cracker Barrel Old Country Store during the first quarter worth about $858,000. Finally, Fifth Third Bancorp increased its stake in shares of Cracker Barrel Old Country Store by 5,188.7% during the first quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator’s stock valued at $827,000 after purchasing an additional 28,849 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $58.27 on Wednesday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $24.85 and a twelve month high of $63.15. The firm has a market cap of $1.30 billion, a P/E ratio of 50.23 and a beta of 1.20. The company has a 50 day moving average of $53.64 and a 200 day moving average of $39.21. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. As a group, research analysts expect 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 analysts have recently commented on CBRL shares. Piper Sandler reissued a “neutral” rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Citigroup raised their price objective on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, July 21st. UBS Group reissued a “neutral” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Argus raised their price target on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.14.

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.