FNY Investment Advisers LLC Invests $906,000 in Cracker Barrel Old Country Store, Inc. $CBRL

FNY Investment Advisers LLC acquired a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 17,000 shares of the restaurant operator’s stock, valued at approximately $906,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBRL. Alliancebernstein L.P. increased its position in Cracker Barrel Old Country Store by 1,068.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock valued at $74,655,000 after acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. boosted its position in Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after acquiring an additional 923,409 shares during the period. Balyasny Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $43,930,000. Marshall Wace LLP bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $5,225,000. Finally, Bridgeway Capital Management LLC acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $3,962,000. 96.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CBRL. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Argus boosted their target price on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Citigroup increased their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, July 21st. Finally, UBS Group reiterated a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $58.22 on Friday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $24.85 and a twelve month high of $63.61. 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 company has a 50-day moving average of $48.64 and a 200-day moving average of $36.80. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 50.19 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (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 analysts’ expectations of $776.69 million. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be given a $0.25 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.00 annualized dividend and a yield of 1.7%. Cracker Barrel Old Country Store’s payout ratio is 86.21%.

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.