Cwm buys $15,362,430 stake in Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (CBRL) : Cwm scooped up 22,385 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 Oct 17, 2016. The investment management firm now holds a total of 115,083 shares of Cracker Barrel Old Country Store which is valued at $15,362,430.Cracker Barrel Old Country Store makes up approximately 1.10% of Cwm’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in CBRL by selling 275 shares or 42.64% in the most recent quarter. The Hedge Fund company now holds 370 shares of CBRL which is valued at $49,391. Cracker Barrel Old Country Store makes up approx 0.01% of Howe Rusling Inc’s portfolio.Msi Financial Services Inc reduced its stake in CBRL by selling 676 shares or 14.5% in the most recent quarter. The Hedge Fund company now holds 3,987 shares of CBRL which is valued at $525,845. Cracker Barrel Old Country Store makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Weaver C. Barksdale Associates boosted its stake in CBRL in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 100 shares of Cracker Barrel Old Country Store which is valued at $13,295. Cracker Barrel Old Country Store makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Cutler Group Lp boosted its stake in CBRL in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 480 shares of Cracker Barrel Old Country Store which is valued at $64,138.Burns J W Co Incny boosted its stake in CBRL in the latest quarter, The investment management firm added 1,505 additional shares and now holds a total of 10,442 shares of Cracker Barrel Old Country Store which is valued at $1,380,328. Cracker Barrel Old Country Store makes up approx 0.43% of Burns J W Co Incny’s portfolio.

Cracker Barrel Old Country Store opened for trading at $132.19 and hit $134.43 on the upside on Friday, eventually ending the session at $133.49, with a gain of 1.21% or 1.6 points. The heightened volatility saw the trading volume jump to 2,76,313 shares. Company has a market cap of $3,208 M.

On the company’s financial health, Cracker Barrel Old Country Store reported $2.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 14, 2016. Analyst had a consensus of $2.13. The company had revenue of $745.60 million for the quarter, compared to analysts expectations of $741.21 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.

Many Wall Street Analysts have commented on Cracker Barrel Old Country Store. Shares were Reiterated by Telsey Advisory Group on Sep 15, 2016 to “Market Perform” and Lowered the Price Target to $ 150 from a previous price target of $160 .Shares were Reiterated by Maxim Group on Sep 15, 2016 to “Buy” and Lowered the Price Target to $ 165 from a previous price target of $170 .Shares were Reiterated by Telsey Advisory Group on Aug 30, 2016 to “Market Perform” and Lowered the Price Target to $ 160 from a previous price target of $172 .

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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