Alta Capital Management LLC Boosted Its Cracker Barrel Old Ctry (CBRL) Position by $24.34 Million as Market Value Declined

June 19, 2017 - By Michael Collier

Investors sentiment increased to 1.11 in Q4 2016. Its up 0.15, from 0.96 in 2016Q3. It is positive, as 39 investors sold CBRL shares while 94 reduced holdings. 59 funds opened positions while 88 raised stakes. 19.34 million shares or 2.63% more from 18.84 million shares in 2016Q3 were reported. Virginia Retirement Et Al holds 0% or 1,300 shares in its portfolio. D E Shaw & owns 0.01% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 43,668 shares. Miller Howard Invs holds 415,507 shares or 1.33% of its portfolio. Missouri-based Finance Service has invested 0% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Pnc Services Grp Incorporated holds 0% or 3,619 shares. Shelton Capital Mgmt stated it has 16,055 shares. Da Davidson has invested 0.1% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Viking Fund Mgmt Ltd Liability, North Dakota-based fund reported 5,000 shares. Jlb And Associates Incorporated owns 49,224 shares. Sei Invs holds 95 shares. The Georgia-based Invesco Limited has invested 0% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Moreover, Wellington Shields Cap Mgmt Ltd Liability Com has 0.05% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 1,700 shares. Liberty Mutual Grp Asset Mngmt stated it has 0.06% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Wells Fargo And Mn invested in 0.04% or 634,416 shares. Motco owns 0% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 100 shares.

Alta Capital Management Llc increased its stake in Cracker Barrel Old Ctry (CBRL) by 976.44% based on its latest 2016Q4 regulatory filing with the SEC. Alta Capital Management Llc bought 146,622 shares as the company’s stock declined 5.74% while stock markets rallied. The institutional investor held 161,638 shares of the consumer services company at the end of 2016Q4, valued at $26.99M, up from 15,016 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Cracker Barrel Old Ctry for a number of months, seems to be bullish on the $3.92 billion market cap company. It closed at $163.32 lastly. It is down 11.16% since June 19, 2016 and is uptrending. It has underperformed by 5.54% the S&P500.

Alta Capital Management Llc, which manages about $1.48 billion and $1.39 billion US Long portfolio, decreased its stake in United Technologies (NYSE:UTX) by 66,951 shares to 220,986 shares, valued at $24.22 million in 2016Q4, according to the filing. It also reduced its holding in Allergan Inc by 29,562 shares in the quarter, leaving it with 150,854 shares, and cut its stake in Mccormick (NYSE:MKC).

More notable recent Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) news were published by: Prnewswire.com which released: “Cracker Barrel Fiscal 2017 Third Quarter Conference Call On The Internet” on May 09, 2017, also Seekingalpha.com with their article: “Cracker Barrel Old Country Store’s (CBRL) CEO Sandy Cochran on Q4 2016 Results …” published on September 14, 2016, Prnewswire.com published: “Cracker Barrel Old Country StoreĀ® to Power the Country Roads Stage at the CMA …” on May 25, 2017. More interesting news about Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Cracker Barrel Old Country Store, Foot Locker and Yum …” published on January 09, 2017 as well as Seekingalpha.com‘s news article titled: “Cracker Barrel Old Country Store’s (CBRL) CEO Sandy Cochran on Q1 2017 Results …” with publication date: November 22, 2016.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Ratings Coverage

Among 8 analysts covering Cracker Barrel (NASDAQ:CBRL), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Cracker Barrel had 24 analyst reports since September 29, 2015 according to SRatingsIntel. The company was initiated on Thursday, October 8 by Suntrust Robinson. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has “Underperform” rating given on Monday, July 11 by Bank of America. As per Tuesday, January 26, the company rating was upgraded by Suntrust Robinson. The stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, November 25. The firm has “Buy” rating given on Monday, February 22 by Maxim Group. The rating was maintained by Maxim Group on Tuesday, November 15 with “Buy”. The stock has “Buy” rating by Maxim Group on Thursday, September 15. The company was downgraded on Wednesday, February 24 by Suntrust Robinson. Argus Research upgraded Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) rating on Thursday, December 1. Argus Research has “Buy” rating and $190 target. The rating was initiated by Maxim Group on Wednesday, December 9 with “Buy”.

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