91,074 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,074 shares of the restaurant operator’s stock, valued at approximately $4,854,000.

Several other hedge funds have also recently made changes to their positions in CBRL. Alliancebernstein L.P. raised its stake in shares of Cracker Barrel Old Country Store by 19.5% in the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock worth $64,327,000 after purchasing an additional 237,741 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after acquiring an additional 923,409 shares during the last quarter. State Street Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 1.1% in the 4th quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock valued at $22,174,000 after acquiring an additional 9,332 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cracker Barrel Old Country Store by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock valued at $32,756,000 after purchasing an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $43,930,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Down 0.8%

Shares of CBRL opened at $55.24 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $61.37. The company has a market capitalization of $1.23 billion, a PE ratio of 47.62 and a beta of 1.20. The stock has a fifty day simple moving average of $54.44 and a two-hundred day simple moving average of $39.85. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s 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 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research raised Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Finally, Wells Fargo & Company increased their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store 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.