Vident Investment Advisory LLC lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,081 shares of the restaurant operator’s stock after acquiring an additional 463 shares during the period. Vident Investment Advisory LLC’s holdings in Cracker Barrel Old Country Store were worth $1,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SVA Plumb Wealth Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 3.3% in the first quarter. SVA Plumb Wealth Management LLC now owns 10,250 shares of the restaurant operator’s stock valued at $1,554,000 after buying an additional 323 shares during the period. Naples Global Advisors LLC lifted its stake in shares of Cracker Barrel Old Country Store by 3.5% in the second quarter. Naples Global Advisors LLC now owns 10,220 shares of the restaurant operator’s stock valued at $1,596,000 after buying an additional 345 shares during the period. IFG Advisory LLC lifted its stake in Cracker Barrel Old Country Store by 11.4% during the second quarter. IFG Advisory LLC now owns 3,470 shares of the restaurant operator’s stock worth $542,000 after purchasing an additional 354 shares during the period. Signature Wealth Management Group lifted its stake in Cracker Barrel Old Country Store by 2.1% during the second quarter. Signature Wealth Management Group now owns 17,704 shares of the restaurant operator’s stock worth $2,766,000 after purchasing an additional 358 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Cracker Barrel Old Country Store by 8.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock worth $711,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 87.45% of the company’s stock.

A number of brokerages have commented on CBRL. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Maxim Group restated a “hold” rating and set a $170.00 price target (up previously from $160.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 31st. Finally, Telsey Advisory Group cut their price target on shares of Cracker Barrel Old Country Store from $175.00 to $165.00 and set a “market perform” rating for the company in a research note on Monday, June 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $165.83.

Shares of CBRL opened at $150.75 on Tuesday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.21 and a beta of 0.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a 12 month low of $143.01 and a 12 month high of $179.12.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

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

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