Profund Advisors LLC Buys 274 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

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Profund Advisors LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,798 shares of the restaurant operator’s stock after buying an additional 274 shares during the period. Profund Advisors LLC’s holdings in Cracker Barrel Old Country Store were worth $478,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CBRL. Meridian Wealth Management LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth $26,000. Adirondack Trust Co. grew its holdings in Cracker Barrel Old Country Store by 104.0% in the first quarter. Adirondack Trust Co. now owns 255 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 130 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in shares of Cracker Barrel Old Country Store by 298.4% in the 2nd quarter. Enterprise Financial Services Corp now owns 255 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 191 shares during the period. Signaturefd LLC raised its holdings in shares of Cracker Barrel Old Country Store by 46.4% in the 1st quarter. Signaturefd LLC now owns 309 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 98 shares during the period. Finally, Whitener Capital Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 117.6% in the 2nd quarter. Whitener Capital Management Inc. now owns 555 shares of the restaurant operator’s stock worth $94,000 after purchasing an additional 300 shares during the period. 85.00% of the stock is owned by institutional investors.

Shares of Cracker Barrel Old Country Store stock traded up $1.65 on Thursday, reaching $167.11. 14,052 shares of the company were exchanged, compared to its average volume of 329,985. The stock has a fifty day moving average price of $166.40 and a 200-day moving average price of $165.01. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $142.17 and a fifty-two week high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.27. The company had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.19 earnings per share. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9.38 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store declared that its board has authorized a share buyback plan on Tuesday, June 4th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

A number of research firms have recently commented on CBRL. ValuEngine downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Wells Fargo & Co raised their target price on Cracker Barrel Old Country Store from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, SunTrust Banks raised their target price on Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $172.82.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 13,887 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $169.97, for a total value of $2,360,373.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 999,601 shares of company stock worth $171,537,766 over the last quarter. Corporate insiders own 0.88% of the company’s stock.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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