Alta Capital Management buys $1,517,333 stake in Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (CBRL) : Alta Capital Management scooped up 872 additional shares in Cracker Barrel Old Country Store during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 10,287 shares of Cracker Barrel Old Country Store which is valued at $1,517,333.Cracker Barrel Old Country Store makes up approximately 0.09% of Alta Capital Management’s portfolio.

Cracker Barrel Old Country Store opened for trading at $147.36 and hit $148.76 on the upside on Wednesday, eventually ending the session at $148.57, with a gain of 0.31% or 0.46 points. The heightened volatility saw the trading volume jump to 1,81,922 shares. Company has a market cap of $3,557 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in CBRL during the most recent quarter. The investment firm sold 2,100 shares of CBRL which is valued $309,750.Advocacy Wealth Management Services boosted its stake in CBRL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 850 shares of Cracker Barrel Old Country Store which is valued at $125,375. Cracker Barrel Old Country Store makes up approx 0.06% of Advocacy Wealth Management Services’s portfolio.Raymond James Trust N.a. reduced its stake in CBRL by selling 219 shares or 10.38% in the most recent quarter. The Hedge Fund company now holds 1,890 shares of CBRL which is valued at $278,775. Cracker Barrel Old Country Store makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Benjamin F. Edwards Company sold out all of its stake in CBRL during the most recent quarter. The investment firm sold 1 shares of CBRL which is valued $151. Central Bank Trust Co added CBRL to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $22,614. Cracker Barrel Old Country Store makes up approx 0.01% of Central Bank Trust Co’s portfolio.

On the company’s financial health, Cracker Barrel Old Country Store reported $1.91 EPS for the quarter, based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus estimate of $1.91. The company had revenue of $764.00 million for the quarter, compared to analysts expectations of $766.76 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS.

Many Wall Street Analysts have commented on Cracker Barrel Old Country Store. Cracker Barrel Old Country Store was Upgraded by Longbow to ” Buy” on Apr 7, 2016. Company shares were Reiterated by Maxim Group on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 166 from a previous price target of $155 .Cracker Barrel Old Country Store was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Feb 24, 2016.

Cracker Barrel Old Country Store Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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. Its restaurants offer home-style country cooking featuring its own recipes. Its breakfast items include juices eggs pancakes fruit and yogurt parfaits grits and a range of biscuit specialties such as gravy and biscuits and country ham and biscuits. Its lunch and dinner items include country ham chicken and dumplings chicken fried chicken meatloaf roast beef vegetable plates a range of salads sandwiches soups fresh side items and specialty items among others.

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