BNP Paribas Arbitrage SA Buys 6,213 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

BNP Paribas Arbitrage SA boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 88.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,263 shares of the restaurant operator’s stock after purchasing an additional 6,213 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Cracker Barrel Old Country Store worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Koch Industries Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $232,000. Dimensional Fund Advisors LP grew its stake in Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock valued at $63,028,000 after acquiring an additional 11,236 shares in the last quarter. California Public Employees Retirement System grew its stake in Cracker Barrel Old Country Store by 3.0% during the 1st quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock valued at $4,905,000 after acquiring an additional 900 shares in the last quarter. BlackRock Inc. grew its stake in Cracker Barrel Old Country Store by 18,784.9% during the 1st quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after acquiring an additional 2,240,854 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in Cracker Barrel Old Country Store by 3.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 384,548 shares of the restaurant operator’s stock valued at $64,316,000 after acquiring an additional 14,114 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

Several analysts have recently weighed in on the stock. Maxim Group restated a “hold” rating and issued a $155.00 price objective (down from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 7th. Nomura began coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $156.00 price objective (down from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Cracker Barrel Old Country Store has an average rating of “Hold” and an average target price of $163.22.

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Shares of Cracker Barrel Old Country Store, Inc. (CBRL) traded up 2.28% during mid-day trading on Friday, hitting $152.41. 683,846 shares of the company traded hands. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 18.47 and a beta of 0.52. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04. The firm has a 50-day moving average price of $150.25 and a 200 day moving average price of $158.86.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The firm had revenue of $743.20 million for the quarter, compared to analyst estimates of $746.72 million. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 EPS. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current fiscal year.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a 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.

Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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