Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)
was in 18 hedge funds' portfolio at the end of the first quarter of 2013. CBRL shareholders have witnessed an increase in hedge fund interest of late. There were 15 hedge funds in our database with CBRL positions at the end of the previous quarter.
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With all of this in mind, let's take a look at the recent action regarding Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL
Hedge fund activity in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)
In preparation for this quarter, a total of 18 of the hedge funds we track held long positions in this stock, a change of 20% from the first quarter. With hedge funds' sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their stakes meaningfully.
Of the funds we track, Jim Simons's Renaissance Technologies
had the most valuable position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), worth close to $14.6 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Force Capital
, managed by Robert Jaffe, which held a $5.1 million position; 0.5% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include Ken Grossman and Glen Schneider's SG Capital Management
, Peter Algert and Kevin Coldiron's Algert Coldiron Investors
and Joel Greenblatt's Gotham Asset Management
With a general bullishness amongst the heavyweights, some big names were leading the bulls' herd. SG Capital Management
, managed by Ken Grossman and Glen Schneider, created the biggest position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). SG Capital Management had 3.6 million invested in the company at the end of the quarter. D. E. Shaw's D E Shaw
also made a $1.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Neil Chriss's Hutchin Hill Capital
, Matthew Tewksbury's Stevens Capital Management
, and Israel Englander's Millennium Management
How have insiders been trading Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)?
Bullish insider trading is most useful when the primary stock in question has seen transactions within the past half-year. Over the latest half-year time period, Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has seen 1 unique insiders buying, and 4 insider sales (see the details of insider trades here
Let's go over hedge fund and insider activity in other stocks similar to Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). These stocks are Jack in the Box Inc. (NASDAQ:JACK
), Buffalo Wild Wings (NASDAQ:BWLD
), The Wendy's Company (NASDAQ:WEN
), Bloomin' Brands Inc (NASDAQ:BLMN
), and The Cheesecake Factory Incorporated (NASDAQ:CAKE
). This group of stocks are in the restaurants industry and their market caps are similar to CBRL's market cap.