SG Americas Securities LLC Purchases Shares of 4,434 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

SG Americas Securities LLC acquired a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,434 shares of the restaurant operator’s stock, valued at approximately $187,000.

Other large investors also recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its position in Cracker Barrel Old Country Store by 63.7% during the 4th quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock worth $1,371,000 after purchasing an additional 6,925 shares during the period. International Assets Investment Management LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $2,935,000. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $73,000. Duality Advisers LP boosted its position in shares of Cracker Barrel Old Country Store by 196.5% in the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after buying an additional 33,751 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cracker Barrel Old Country Store by 29.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Loop Capital decreased their target price on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, May 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 report on Friday, May 31st. Finally, Truist Financial dropped their target price on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.86.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $40.83 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. Cracker Barrel Old Country Store, Inc. has a 1 year low of $37.21 and a 1 year high of $84.16. The firm’s 50-day simple moving average is $41.87 and its 200-day simple moving average is $54.55. The firm has a market cap of $906.51 million, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.32. The firm had revenue of $817.14 million for the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. Cracker Barrel Old Country Store’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.82 earnings per share for the current fiscal year.

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.