Intech Investment Management LLC Purchases 27,101 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Intech Investment Management LLC grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 268.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,183 shares of the restaurant operator’s stock after purchasing an additional 27,101 shares during the quarter. Intech Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $944,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CBRL. Systematic Financial Management LP bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth approximately $573,000. Poehling Capital Management INC. bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $321,000. Gamco Investors INC. ET AL grew its position in shares of Cracker Barrel Old Country Store by 786.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 106,400 shares of the restaurant operator’s stock worth $2,703,000 after buying an additional 94,400 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $508,000. Finally, Maxi Investments CY Ltd bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $1,168,000. 96.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CBRL shares. UBS Group raised their target price on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Freedom Capital raised Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Friday, March 27th. Wells Fargo & Company lifted their target price on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.00.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $33.54 on Monday. The stock’s 50-day simple moving average is $30.48 and its 200-day simple moving average is $29.78. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $71.93. The company has a market capitalization of $749.62 million, a price-to-earnings ratio of -186.32 and a beta of 1.30. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90.

Cracker Barrel Old Country Store Profile

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.