EARNEST Partners Discloses 1.68M Cracker Barrel Shares
Ticker: CBRL · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1067294
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-update
TL;DR
**EARNEST Partners holds 1.68M Cracker Barrel shares, signaling continued institutional interest.**
AI Summary
EARNEST Partners, LLC, an investment advisor based in Delaware, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership of 1,687,468 shares of Cracker Barrel Old Country Store, Inc. common stock as of December 31, 2023. This represents a significant stake, giving EARNEST Partners sole voting power over these shares. This matters to investors because a large institutional holder like EARNEST Partners maintaining or adjusting its position can signal confidence or concern about Cracker Barrel's future performance.
Why It Matters
This filing shows a major institutional investor's updated stake in Cracker Barrel, which can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate significant risk to the company or its shareholders.
Analyst Insight
Investors should note that a major institutional investor like EARNEST Partners, LLC continues to hold a substantial stake in Cracker Barrel. While this doesn't guarantee future performance, it suggests continued confidence from a professional money manager. Keep an eye on future filings for any significant changes in their position, which could signal a shift in their outlook.
Key Numbers
- 1,687,468 — Shares Owned (Represents the sole voting power shares held by EARNEST Partners, LLC in Cracker Barrel Old Country Store, Inc.)
- December 31, 2023 — Reporting Date (The date as of which the ownership stake was reported in the filing.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and institutional investor
- Cracker Barrel Old Country Store, Inc. (company) — the issuer of the securities
- Delaware (company) — place of organization for EARNEST Partners, LLC
- 1,687,468 (dollar_amount) — number of shares beneficially owned with sole voting power
Forward-Looking Statements
- EARNEST Partners, LLC will maintain a significant stake in Cracker Barrel Old Country Store, Inc. for the foreseeable future. (EARNEST Partners, LLC) — medium confidence, target: 12/31/2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's stock, but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating their ownership position, as seen with EARNEST Partners, LLC for Cracker Barrel Old Country Store, Inc.
Who is the reporting person in this filing?
The reporting person in this SC 13G/A filing is EARNEST Partners, LLC, an investment advisor based in Delaware, as stated in the 'NAMES OF REPORTING PERSONS' section and the 'FILED BY' section of the filing.
What is the total number of shares of Cracker Barrel Old Country Store, Inc. that EARNEST Partners, LLC has sole voting power over?
As of December 31, 2023, EARNEST Partners, LLC has sole voting power over 1,687,468 shares of Cracker Barrel Old Country Store, Inc. common stock, as indicated in 'Item 5 SOLE VOTING POWER' of the filing.
What is the CUSIP number for Cracker Barrel Old Country Store, Inc. common stock?
The CUSIP number for Cracker Barrel Old Country Store, Inc. common stock is 22410J106, as specified in the filing under 'CUSIP Number'.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated in the 'Date of Event Which Requires Filing of this Statement' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding CRACKER BARREL OLD COUNTRY STORE, INC (CBRL).