Cracker Barrel Old Country Store, Inc. (CBRL) Stake Held by Martingale Asset Management L P

Martingale Asset Management L P maintained its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,803 shares of the restaurant operator’s stock at the close of the second quarter. Martingale Asset Management L P owned approximately 0.16% of Cracker Barrel Old Country Store worth $6,323,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. AXA lifted its stake in Cracker Barrel Old Country Store by 117.8% in the 2nd quarter. AXA now owns 70,800 shares of the restaurant operator’s stock valued at $11,842,000 after buying an additional 38,300 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Cracker Barrel Old Country Store by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 697,577 shares of the restaurant operator’s stock valued at $116,671,000 after acquiring an additional 25,517 shares during the last quarter. CIBC World Markets Inc. raised its holdings in Cracker Barrel Old Country Store by 4.3% in the 2nd quarter. CIBC World Markets Inc. now owns 15,865 shares of the restaurant operator’s stock valued at $2,653,000 after acquiring an additional 648 shares during the last quarter. Private Advisor Group LLC raised its holdings in Cracker Barrel Old Country Store by 8.6% in the 2nd quarter. Private Advisor Group LLC now owns 3,941 shares of the restaurant operator’s stock valued at $651,000 after acquiring an additional 312 shares during the last quarter. Finally, Burney Co. raised its holdings in Cracker Barrel Old Country Store by 3.5% in the 2nd quarter. Burney Co. now owns 17,060 shares of the restaurant operator’s stock valued at $2,865,000 after acquiring an additional 583 shares during the last quarter. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 148.42 on Wednesday. The firm has a market cap of $3.57 billion, a P/E ratio of 17.99 and a beta of 0.52. The stock’s 50 day moving average is $151.10 and its 200-day moving average is $159.15. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04.

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A number of research firms have commented on CBRL. Bank of America Corporation cut their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a report on Monday. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Wells Fargo & Company restated a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Finally, Instinet initiated coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $164.11.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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