Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,452 shares of the restaurant operator’s stock after buying an additional 1,854 shares during the period. Rhumbline Advisers owned approximately 0.34% of Cracker Barrel Old Country Store worth $3,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CBRL. CWM LLC boosted its position in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 419 shares during the last quarter. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 1,051 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $73,000. nVerses Capital LLC lifted its position in shares of Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Security National Bank acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $81,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Argus lowered 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 reduced their target price on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a report on Wednesday, July 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. StockNews.com lowered shares of 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 for the company 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $59.29.

Cracker Barrel Old Country Store Stock Up 4.7 %

Shares of CBRL opened at $42.34 on Wednesday. The firm has a market capitalization of $940.03 million, a P/E ratio of 15.68, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a 50-day simple moving average of $40.84 and a 200-day simple moving average of $50.57. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

About Cracker Barrel Old Country Store

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.