FNY Investment Advisers LLC Acquires Shares of 17,000 Cracker Barrel Old Country Store, Inc. $CBRL

FNY Investment Advisers LLC bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,000 shares of the restaurant operator’s stock, valued at approximately $906,000. FNY Investment Advisers LLC owned about 0.08% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings 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 valued at $74,655,000 after acquiring an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. lifted its stake in 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 worth $40,982,000 after purchasing an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store during the second quarter worth $43,930,000. Marshall Wace LLP acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth $5,225,000. Finally, Bridgeway Capital Management LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth $3,962,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 0.9%

NASDAQ:CBRL opened at $58.22 on Friday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 50.19 and a beta of 1.20. The business has a 50 day simple moving average of $48.64 and a 200 day simple moving average of $36.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $63.61.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate 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%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 86.21%.

Analyst Ratings Changes

Several research firms have weighed in on CBRL. Citigroup boosted their target price on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus 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.