Is Buying Cracker Barrel Old Country Store, Inc. Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Cracker Barrel Old Country Store, Inc. Here a Winning Strategy? Option Traders Like The Stock

In today’s session Cracker Barrel Old Country Store, Inc. (CBRL) registered an unusually high (104) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CBRL increase. With 104 contracts traded and 4234 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CBRL161216C00140000 closed last at: $2.1 or 6.7% down. About 123,467 shares traded hands. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has declined 11.88% since March 2, 2016 and is downtrending. It has underperformed by 20.14% the S&P500.

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

Out of 7 analysts covering Cracker Barrel (NASDAQ:CBRL), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Cracker Barrel has been the topic of 18 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of CBRL in a report on Monday, July 11 to “Underperform” rating. On Tuesday, January 26 the stock rating was upgraded by Suntrust Robinson to “Buy”. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) earned “Buy” rating by Longbow on Thursday, April 7. Telsey Advisory Group maintained it with “Market Perform” rating and $142 target price in Wednesday, November 25 report. The firm has “Market Perform” rating given on Friday, October 23 by Telsey Advisory Group. Telsey Advisory Group initiated Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) on Tuesday, September 29 with “Market Perform” rating. The firm has “Buy” rating by Maxim Group given on Thursday, September 15. On Wednesday, November 25 the stock rating was downgraded by Argus Research to “Hold”. The rating was initiated by Suntrust Robinson on Thursday, October 8 with “Neutral”. On Monday, February 22 the stock rating was upgraded by Telsey Advisory Group to “Outperform”.

According to Zacks Investment Research, “Cracker Barrel Old Country Store, Inc., formerly CBRL Group, Inc., is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept. The format of Cracker Barrel stores consists of a rustic, old country-store design with a separate retail area offering a variety of decorative and functional items featuring rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods, including various old fashioned candies and jellies.”

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.01, from 1.16 in 2016Q1. The ratio is positive, as 27 funds sold all Cracker Barrel Old Country Store, Inc. shares owned while 98 reduced positions. 47 funds bought stakes while 99 increased positions. They now own 20.00 million shares or 0.19% less from 20.03 million shares in 2016Q1.
Evercore Wealth Management Lc reported 200 shares or 0% of all its holdings. Moreover, Allianz Asset Ag has 0.02% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 230,384 shares. Morgan Stanley accumulated 0.01% or 109,741 shares. The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.01% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Moreover, Nomura Asset has 0.02% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 5,150 shares. Willis Counsel has 0.81% invested in the company for 55,500 shares. Moreover, Dynamic Cap Limited has 0.58% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 28,762 shares. Scotia Capital Inc has 0.01% invested in the company for 3,464 shares. Moreover, Marco Inv Management Ltd Liability Corp has 0.21% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 6,730 shares. Capwealth Advsr Ltd Limited Liability Company reported 175 shares or 0.01% of all its holdings. Ls Inv Advsr Limited Co holds 1,462 shares or 0.02% of its portfolio. Epoch Investment Prtnrs, a New York-based fund reported 39,365 shares. Ameritas Inv Prns holds 0.06% or 5,266 shares in its portfolio. Brighton Jones Ltd Liability Corporation has 0.12% invested in the company for 3,848 shares. Hsbc Public Ltd Liability Corp has 0% invested in the company for 5,644 shares.

Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept . The company has a market cap of $3.17 billion. Each Cracker Barrel store consists of a restaurant with a gift shop. It has a 16.83 P/E ratio. 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.

CBRL Company Profile

Cracker Barrel Old Country Store, Inc., incorporated on October 16, 1969, 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. As of September 21, 2015, the Company operated 637 stores in 42 states. The format of its stores consists of a trademarked rustic old country-store design offering a restaurant menu that features home-style country food. The Company’s restaurants offer home-style country cooking featuring its own recipes. The Company’s restaurants serve breakfast, lunch and dinner. The restaurants do not serve alcoholic beverages.

More recent Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) news were published by: Investorplace.com which released: “Why Freeport-McMoRan Inc (FCX), Cracker Barrel Old Country Store, Inc. (CBRL …” on September 14, 2016. Also 247Wallst.com published the news titled: “Cracker Barrel Earnings Report Slips on Guidance” on September 14, 2016. Etfdailynews.com‘s news article titled: “Cracker Barrel’s Earnings and Forecast Badly Miss the Mark” with publication date: September 14, 2016 was also an interesting one.

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