Quantbot Technologies LP Takes Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Quantbot Technologies LP bought 38,737 Cracker Barrel shares during the second quarter, a stake valued at approximately $2.1 million and representing about 0.17% of the company.
• Institutional ownership remains very high at 96.01%, with several major funds—including AllianceBernstein, Franklin Resources and Balyasny Asset Management—recently increasing or initiating positions.
• Cracker Barrel reported quarterly EPS of $0.29, beating estimates by $0.74, while revenue fell 2.9% year over year. Despite the earnings beat, analysts maintain a consensus “Hold” rating with an average price target of $48.14, below the stock’s $58.02 opening price.

Quantbot Technologies LP bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,737 shares of the restaurant operator's stock, valued at approximately $2,065,000. Quantbot Technologies LP owned about 0.17% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its position in Cracker Barrel Old Country Store by 1,068.2% in the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock worth $74,655,000 after buying an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. increased its position in Cracker Barrel Old Country Store by 13,737.1% during the third 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. Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store during the second quarter valued at $43,930,000. Marshall Wace LLP purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $5,225,000. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $3,962,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Up 0.6%

Shares of CBRL opened at $58.02 on Tuesday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 50.02 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $63.15. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $53.35 and a 200-day moving average price of $39.03.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping 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 company had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same quarter last year, the firm posted $0.56 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Cracker Barrel Old Country Store from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research note on Saturday, June 13th. Bank of America boosted their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, July 28th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.14.

Cracker Barrel Old Country Store Company 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.

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