Cracker BarrelCBRL
Market Cap: $829M
About: Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
Employees: 77,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
35% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 77
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0.49% less ownership
Funds ownership: 98.17% [Q1] → 97.68% (-0.49%) [Q2]
7% less funds holding
Funds holding: 290 [Q1] → 271 (-19) [Q2]
23% less call options, than puts
Call options by funds: $61.9M | Put options by funds: $80.2M
31% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 61
42% less capital invested
Capital invested by funds: $1.59B [Q1] → $915M (-$671M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Truist Securities Jake Bartlett 45% 1-year accuracy 30 / 67 met price target | 13%upside $42 | Hold Maintained | 5 Sept 2024 |
B of A Securities Sara Senatore 54% 1-year accuracy 13 / 24 met price target | 23%upside $46 | Underperform Maintained | 17 Jul 2024 |
Financial journalist opinion
Based on 3 articles about CBRL published over the past 30 days