Alta Capital Management buys $1,980,460 stake in Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (CBRL) : Alta Capital Management scooped up 4,288 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 13, 2016. The investment management firm now holds a total of 15,016 shares of Cracker Barrel Old Country Store which is valued at $1,980,460.Cracker Barrel Old Country Store makes up approximately 0.13% of Alta Capital Management’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc sold out all of its stake in CBRL during the most recent quarter. The investment firm sold 296,630 shares of CBRL which is valued $39,436,959. Advisory Services Network added CBRL to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $4,670. Simplex Trading added CBRL to its portfolio by purchasing 527 company shares during the most recent quarter which is valued at $70,323. Cracker Barrel Old Country Store makes up approx 0.01% of Simplex Trading’s portfolio.Beacon Financial Group boosted its stake in CBRL in the latest quarter, The investment management firm added 241 additional shares and now holds a total of 2,187 shares of Cracker Barrel Old Country Store which is valued at $289,100. Cracker Barrel Old Country Store makes up approx 0.06% of Beacon Financial Group’s portfolio.

Cracker Barrel Old Country Store closed down -0.67 points or -0.50% at $132.95 with 2,28,851 shares getting traded on Tuesday. Post opening the session at $133.48, the shares hit an intraday low of $132.14 and an intraday high of $133.6813 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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