Maryland State Retirement & Pension System Has $326,000 Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Maryland State Retirement & Pension System decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,741 shares of the restaurant operator’s stock after selling 312 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Cracker Barrel Old Country Store were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBRL. Norges Bank acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth about $10,727,000. Verition Fund Management LLC lifted its holdings in Cracker Barrel Old Country Store by 423.9% during the 4th quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock worth $6,308,000 after buying an additional 66,215 shares during the period. Armistice Capital LLC acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth about $3,854,000. Miller Howard Investments Inc. NY acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth about $2,909,000. Finally, International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth about $2,935,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Loop Capital cut their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. CL King lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday, May 17th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Bank of America lowered their price objective on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Finally, Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $59.86.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $38.69 on Thursday. Cracker Barrel Old Country Store, Inc. has a one year low of $37.21 and a one year high of $83.51. The firm has a market capitalization of $859.00 million, a price-to-earnings ratio of 14.28, a PEG ratio of 1.03 and a beta of 1.43. The business has a 50-day simple moving average of $41.31 and a 200 day simple moving average of $52.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23.

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.