Intech Investment Management LLC Has $944,000 Stake in Cracker Barrel Old Country Store, Inc. $CBRL

Intech Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 268.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,183 shares of the restaurant operator’s stock after purchasing an additional 27,101 shares during the quarter. Intech Investment Management LLC owned 0.17% of Cracker Barrel Old Country Store worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the third quarter worth $26,000. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store during the second quarter worth $37,000. CWM LLC grew its holdings in Cracker Barrel Old Country Store by 85.1% during the fourth quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after buying an additional 1,078 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Cracker Barrel Old Country Store by 16.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $71,000 after buying an additional 400 shares in the last quarter. Finally, State of Wyoming bought a new stake in Cracker Barrel Old Country Store during the third quarter worth $84,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. UBS Group upped their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Truist Financial upped their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Friday, March 27th. Finally, Bank of America upped their price objective on Cracker Barrel Old Country Store from $31.00 to $34.00 and gave the company an “underperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.00.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $33.54 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49. The company has a market capitalization of $749.62 million, a price-to-earnings ratio of -186.32 and a beta of 1.30. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $71.93. The stock has a fifty day moving average of $30.48 and a 200-day moving average of $29.78.

About Cracker Barrel Old Country Store

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.