Meadowbrook Wealth Management LLC Makes New Investment in Cracker Barrel Old Country Store, Inc. $CBRL

Meadowbrook Wealth Management LLC bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, HoldingsChannel.com reports. The firm bought 9,621 shares of the restaurant operator’s stock, valued at approximately $530,000.

Several other institutional investors and hedge funds have also modified their holdings of CBRL. Canada Pension Plan Investment Board acquired a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $35,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 22.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 321 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBRL shares. Zacks Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 13th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Citigroup upped their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, July 21st. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.14.

Cracker Barrel Old Country Store Trading Up 1.2%

Shares of NASDAQ CBRL opened at $54.69 on Friday. The firm has a 50 day moving average price of $54.87 and a two-hundred day moving average price of $40.43. The stock has a market cap of $1.22 billion, a P/E ratio of 47.15 and a beta of 1.19. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $60.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. Cracker Barrel Old Country Store’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 0.07 EPS for the current year.

Cracker Barrel Old Country Store Company Profile

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.