Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,590 shares of the restaurant operator’s stock after purchasing an additional 841 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $2,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Miller Howard Investments Inc. NY grew its position in Cracker Barrel Old Country Store by 45.5% during the second quarter. Miller Howard Investments Inc. NY now owns 55,000 shares of the restaurant operator’s stock worth $8,165,000 after buying an additional 17,200 shares during the period. Selective Wealth Management Inc. grew its position in Cracker Barrel Old Country Store by 28.6% during the second quarter. Selective Wealth Management Inc. now owns 900 shares of the restaurant operator’s stock worth $134,000 after buying an additional 200 shares during the period. Accel Wealth Management grew its position in Cracker Barrel Old Country Store by 172.4% during the second quarter. Accel Wealth Management now owns 316 shares of the restaurant operator’s stock worth $47,000 after buying an additional 200 shares during the period. Bedel Financial Consulting Inc. grew its position in Cracker Barrel Old Country Store by 54.3% during the second quarter. Bedel Financial Consulting Inc. now owns 355 shares of the restaurant operator’s stock worth $53,000 after buying an additional 125 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,730 shares of the restaurant operator’s stock worth $2,781,000 after buying an additional 825 shares during the period. Institutional investors own 88.38% of the company’s stock.

Shares of CBRL opened at $138.61 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.32. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.55 and a beta of 1.51. The company’s 50 day simple moving average is $138.99 and its 200 day simple moving average is $153.60. Cracker Barrel Old Country Store, Inc. has a 1 year low of $106.92 and a 1 year high of $178.82.

Several analysts have issued reports on the stock. MKM Partners reduced their price target on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Cracker Barrel Old Country Store from $164.00 to $137.00 and set an “underweight” rating on the stock in a report on Wednesday, September 8th. Truist Securities reduced their price target on shares of Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating on the stock in a report on Wednesday. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a report on Friday, May 28th. Finally, Truist reduced their price target on shares of Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $167.78.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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

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