Capital Investment Counsel Inc Has $1.42 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capital Investment Counsel Inc lowered its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 33,750 shares of the restaurant operator’s stock after selling 2,202 shares during the quarter. Capital Investment Counsel Inc’s holdings in Cracker Barrel Old Country Store were worth $1,423,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $32,000. CWM LLC increased its stake 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 period. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $73,000. Security National Bank acquired a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $81,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Cracker Barrel Old Country Store by 85.2% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock valued at $91,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CBRL shares. Bank of America dropped their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Friday, May 17th. Finally, Truist Financial decreased their target price on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.86.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL traded down $0.01 during trading hours on Tuesday, hitting $40.91. 339,331 shares of the stock were exchanged, compared to its average volume of 748,302. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The company’s 50 day moving average is $42.28 and its 200 day moving average is $55.45. The firm has a market capitalization of $908.28 million, a P/E ratio of 15.10, a P/E/G ratio of 1.15 and a beta of 1.43. Cracker Barrel Old Country Store, Inc. has a one year low of $37.21 and a one year high of $85.55.

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

Cracker Barrel Old Country Store Company 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.