SummerHaven Investment Management LLC Buys 311 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

SummerHaven Investment Management LLC grew its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,879 shares of the restaurant operator’s stock after acquiring an additional 311 shares during the period. Cracker Barrel Old Country Store comprises 0.8% of SummerHaven Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. SummerHaven Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRL. GMT Capital Corp bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at approximately $78,750,000. Woodline Partners LP boosted its holdings in Cracker Barrel Old Country Store by 340.8% in the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock worth $12,919,000 after buying an additional 257,301 shares during the period. Trexquant Investment LP bought a new position in Cracker Barrel Old Country Store in the 1st quarter worth approximately $4,795,000. GAMMA Investing LLC boosted its holdings in Cracker Barrel Old Country Store by 1,901.6% in the 1st quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator’s stock valued at $1,842,000 after purchasing an additional 45,068 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Cracker Barrel Old Country Store in the 1st quarter valued at $1,176,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Trading Up 3.9%

NASDAQ:CBRL opened at $45.50 on Monday. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year high of $71.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.21. The company’s 50-day simple moving average is $56.22 and its 200 day simple moving average is $53.02. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.98 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $868.01 million during the quarter, compared to analysts’ expectations of $853.90 million. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.2%. Cracker Barrel Old Country Store’s payout ratio is 48.31%.

Analysts Set New Price Targets

Several brokerages have commented on CBRL. Piper Sandler cut their price target on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Citigroup decreased their target price on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, September 18th. Zacks Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Finally, Bank of America cut their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating on the stock in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $52.43.

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.