William Blair Investment Management LLC Has $13.03 Million Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

William Blair Investment Management LLC lowered its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 309,003 shares of the restaurant operator’s stock after selling 523 shares during the period. William Blair Investment Management LLC owned about 1.39% of Cracker Barrel Old Country Store worth $13,028,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CBRL. Hazlett Burt & Watson Inc. grew its position in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. CWM LLC grew its holdings in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at approximately $73,000. Security National Bank acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth approximately $81,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Cracker Barrel Old Country Store by 85.2% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock valued at $91,000 after purchasing an additional 575 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRL has been the topic of a number of research reports. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Bank of America dropped their target price on 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. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Finally, Truist Financial cut their target price on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.29.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $40.45 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $83.51. The business’s 50 day simple moving average is $40.84 and its 200 day simple moving average is $50.76. The stock has a market capitalization of $897.99 million, a PE ratio of 14.93, a PEG ratio of 0.94 and a beta of 1.42.

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.