Tranquility Partners LLC bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,799 shares of the restaurant operator’s stock, valued at approximately $307,000.

A number of other hedge funds also recently added to or reduced their stakes in CBRL. Laurion Capital Management LP bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $1,412,000. Tower Research Capital LLC TRC bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $278,000. US Bancorp DE raised its holdings in shares of Cracker Barrel Old Country Store by 3.0% during the 2nd quarter. US Bancorp DE now owns 2,392 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 70 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Cracker Barrel Old Country Store by 45.6% during the 2nd quarter. HighTower Advisors LLC now owns 2,360 shares of the restaurant operator’s stock valued at $402,000 after purchasing an additional 739 shares in the last quarter. Finally, AXA raised its holdings in shares of Cracker Barrel Old Country Store by 60.9% during the 2nd quarter. AXA now owns 75,600 shares of the restaurant operator’s stock valued at $12,907,000 after purchasing an additional 28,600 shares in the last quarter. Institutional investors own 85.09% of the company’s stock.

NASDAQ:CBRL traded up $2.27 during midday trading on Friday, reaching $164.29. The stock had a trading volume of 440,592 shares, compared to its average volume of 303,537. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.57. The stock has a market capitalization of $3.90 billion, a P/E ratio of 18.52, a PEG ratio of 1.79 and a beta of 0.59. The firm’s fifty day simple moving average is $167.13 and its 200-day simple moving average is $165.00. Cracker Barrel Old Country Store, Inc. has a 1-year low of $141.63 and a 1-year high of $185.00.

Cracker Barrel Old Country Store announced that its board has initiated a stock repurchase program on Tuesday, June 4th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of research analysts recently issued reports on the stock. SunTrust Banks lowered their target price on shares of Cracker Barrel Old Country Store to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Maxim Group reiterated a “buy” rating and issued a $195.00 target price on shares of Cracker Barrel Old Country Store in a research note on Sunday. ValuEngine lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co reiterated an “in-line” rating and issued a $150.00 target price (down from $156.00) on shares of Cracker Barrel Old Country Store in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $171.54.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 72,339 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $170.03, for a total value of $12,299,800.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 1,170,879 shares of company stock worth $200,668,080 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Cracker Barrel Old Country Store 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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