Landscape Capital Management L.L.C. Buys Shares of 59,480 Cracker Barrel Old Country Store, Inc. $CBRL

Landscape Capital Management L.L.C. purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 59,480 shares of the restaurant operator’s stock, valued at approximately $3,170,000.

Several other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth about $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. increased its position 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 acquiring an additional 321 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $57.65 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 49.70 and a beta of 1.20. The firm has a 50-day moving average of $53.06 and a 200-day moving average of $38.80. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $63.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $776.69 million. During the same period in the prior year, the firm earned $0.56 EPS. Cracker Barrel Old Country Store’s quarterly 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 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CBRL shares. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Citigroup lifted their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, July 21st. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.14.

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.