Richard C. Young Ltd. Lowers stake in Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (CBRL) : Richard C. Young Ltd. reduced its stake in Cracker Barrel Old Country Store by 1.18% during the most recent quarter end. The investment management company now holds a total of 48,079 shares of Cracker Barrel Old Country Store which is valued at $7,627,253 after selling 574 shares in Cracker Barrel Old Country Store , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Cracker Barrel Old Country Store makes up approximately 1.65% of Richard C. Young Ltd.’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in CBRL in the latest quarter, The investment management firm added 81,955 additional shares and now holds a total of 366,455 shares of Cracker Barrel Old Country Store which is valued at $58,134,421. Cracker Barrel Old Country Store makes up approx 0.01% of Fmr’s portfolio. Lee Danner Bass Inc added CBRL to its portfolio by purchasing 1,826 company shares during the most recent quarter which is valued at $285,605. Cracker Barrel Old Country Store makes up approx 0.03% of Lee Danner Bass Inc’s portfolio.D. Scott Neal reduced its stake in CBRL by selling 25 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 418 shares of CBRL which is valued at $65,697. Cracker Barrel Old Country Store makes up approx 0.06% of D. Scott Neal’s portfolio.Naples Global Advisors reduced its stake in CBRL by selling 375 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 8,605 shares of CBRL which is valued at $1,339,110. Cracker Barrel Old Country Store makes up approx 0.54% of Naples Global Advisors’s portfolio.Creative Planning boosted its stake in CBRL in the latest quarter, The investment management firm added 10,451 additional shares and now holds a total of 14,902 shares of Cracker Barrel Old Country Store which is valued at $2,319,049. Cracker Barrel Old Country Store makes up approx 0.02% of Creative Planning’s portfolio.

Cracker Barrel Old Country Store closed down -0.56 points or -0.35% at $160.95 with 2,42,089 shares getting traded on Tuesday. Post opening the session at $161.8, the shares hit an intraday low of $160.2993 and an intraday high of $162.33 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 $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $1.80. The company had revenue of $700.01 million for the quarter, compared to analysts expectations of $705.60 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Many Wall Street Analysts have commented on Cracker Barrel Old Country Store. Shares were Reiterated by Maxim Group on Aug 8, 2016 to “Buy” and Lowered the Price Target to $ 170 from a previous price target of $178 .Cracker Barrel Old Country Store was Downgraded by BofA/Merrill to ” Underperform” on Jul 11, 2016. Company shares were Downgraded by Telsey Advisory Group on Jun 2, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 172 from a previous price target of $160 .

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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