Commonwealth Equity Services LLC Purchases 108,533 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Commonwealth Equity Services LLC raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 262.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,849 shares of the restaurant operator’s stock after purchasing an additional 108,533 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cracker Barrel Old Country Store were worth $3,806,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in Cracker Barrel Old Country Store by 19.5% in the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after purchasing an additional 237,741 shares during the last quarter. Franklin Resources Inc. raised its position in Cracker Barrel Old Country Store by 13,737.1% in 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. Dimensional Fund Advisors LP raised its position in Cracker Barrel Old Country Store by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock valued at $32,756,000 after purchasing an additional 15,661 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store in the second quarter valued at about $43,930,000. Finally, Invesco Ltd. raised its position in Cracker Barrel Old Country Store by 76.0% in the second quarter. Invesco Ltd. now owns 350,859 shares of the restaurant operator’s stock valued at $21,430,000 after purchasing an additional 151,463 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRL has been the subject of several research reports. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Bank of America increased their price target on Cracker Barrel Old Country Store from $31.00 to $34.00 and gave the company an “underperform” rating in a research note on Friday. UBS Group increased their price target on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Wall Street Zen cut Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $36.00.

Cracker Barrel Old Country Store Trading Up 2.0%

NASDAQ CBRL opened at $34.21 on Tuesday. The business has a 50 day simple moving average of $30.61 and a 200 day simple moving average of $29.83. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $71.93. The stock has a market capitalization of $764.59 million, a P/E ratio of -190.04 and a beta of 1.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18.

Cracker Barrel Old Country Store Company 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.