Quantinno Capital Management LP Makes New $858,000 Investment in Cracker Barrel Old Country Store, Inc. $CBRL

Quantinno Capital Management LP purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 30,534 shares of the restaurant operator’s stock, valued at approximately $858,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of 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 worth $74,655,000 after purchasing an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after purchasing an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $43,930,000. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $5,225,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $3,962,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $59.04 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $63.15. The stock has a market cap of $1.32 billion, a P/E ratio of 50.90 and a beta of 1.20. The stock has a 50-day moving average of $51.98 and a two-hundred day moving average of $38.09.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. The firm had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is 86.21%.

Analyst Ratings Changes

Several research firms recently weighed in on CBRL. UBS Group reiterated a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Bank of America upped their target price on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. 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.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average target price of $48.14.

About Cracker Barrel Old Country Store

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.