SummitTX Capital L.P. Lowers Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

SummitTX Capital L.P. decreased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 39.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,498 shares of the restaurant operator’s stock after selling 42,128 shares during the quarter. SummitTX Capital L.P.’s holdings in Cracker Barrel Old Country Store were worth $1,841,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cracker Barrel Old Country Store by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after purchasing an additional 546 shares during the last quarter. Cetera Investment Advisers raised its holdings in Cracker Barrel Old Country Store by 64.6% in the 2nd quarter. Cetera Investment Advisers now owns 9,210 shares of the restaurant operator’s stock valued at $563,000 after buying an additional 3,614 shares during the period. Norges Bank acquired a new position in Cracker Barrel Old Country Store in the second quarter valued at about $843,000. New York State Common Retirement Fund boosted its stake in Cracker Barrel Old Country Store by 23.6% during the second quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator’s stock worth $512,000 after buying an additional 1,600 shares during the period. Finally, Invesco Ltd. boosted its stake in Cracker Barrel Old Country Store by 76.0% during the second quarter. Invesco Ltd. now owns 350,859 shares of the restaurant operator’s stock worth $21,430,000 after buying an additional 151,463 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Key Headlines Impacting Cracker Barrel Old Country Store

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: New leadership could accelerate the turnaround. David Deno, a former Bloomin’ Brands executive, will replace CEO Julie Masino on Aug. 10. His restaurant-industry experience may help stabilize operations, rebuild customer loyalty and improve execution. Cracker Barrel CEO Stepping Down
• Positive Sentiment: Signs of a customer recovery are supporting the stock. Recent reports indicate that foot traffic and the share price have improved, while some longtime customers are returning after the company reversed course on the rebrand. CBRL has more than doubled in 2026, reflecting optimism that the brand damage is fading. New CEO Inherits Cracker Barrel Still Recovering From Rebrand Backlash
• Neutral Sentiment: The transition is intended to be orderly. Masino will remain as an adviser through Oct. 9, potentially preserving continuity while Deno takes over. However, the board did not provide a detailed reason for her departure, leaving investors to assess whether the change reflects a broader strategic reset. A Timeline of Cracker Barrel CEO Julie Masino’s Exit
• Negative Sentiment: Masino’s exit adds direct costs and highlights execution risk. Cracker Barrel reportedly agreed to pay approximately $4.6 million in exit fees and continue covering security costs for the former CEO as long as the board considers them reasonably necessary. Cracker Barrel to Pay Outgoing CEO’s Security Costs and Exit Fees
• Negative Sentiment: The core business has not fully recovered. Sales remain below the prior year’s level, and analysts expect a loss for the current fiscal year. The failed rebrand also reportedly cost the company roughly $100 million, increasing pressure on Deno to produce results quickly. Cracker Barrel Stock Doubled in 2026 After CEO Ousted

Cracker Barrel Old Country Store Stock Up 2.6%

Shares of CBRL opened at $53.81 on Wednesday. The stock has a market capitalization of $1.20 billion, a PE ratio of 46.39 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a 1 year low of $24.85 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The company’s 50-day simple moving average is $45.17 and its 200-day simple moving average is $35.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post -0.4 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Cracker Barrel Old Country Store’s dividend payout ratio is 86.21%.

Analysts Set New Price Targets

CBRL has been the topic of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. UBS Group reissued a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday. Piper Sandler restated a “neutral” rating and set a $51.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Finally, Citigroup raised their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $48.14.

About Cracker Barrel Old Country Store

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.