FMR discloses 5.3% Cracker Barrel (CBRL) holding in Schedule 13G
Rhea-AI Filing Summary
FMR LLC has filed a Schedule 13G reporting beneficial ownership of approximately 1,212,288.86 shares of Cracker Barrel Old Country Store, Inc. common stock, representing 5.3% of the outstanding class. FMR LLC reports sole voting power over 1,186,417.11 shares and sole dispositive power over 1,212,288.86 shares.
Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 1,212,288.86 shares and a 5.3% beneficial ownership stake, but no voting power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Cracker Barrel.
Positive
- None.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake did FMR LLC report in Cracker Barrel (CBRL)?
FMR LLC reported beneficial ownership of about 1,212,288.86 shares of Cracker Barrel common stock, representing 5.3% of the outstanding shares. FMR LLC has sole voting power over 1,186,417.11 shares and sole dispositive power over the full 1,212,288.86 shares.
Does FMR LLC seek to influence control of Cracker Barrel (CBRL)?
The filing certifies that the Cracker Barrel securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company, other than activities solely in connection with a nomination under Rule 240.14a-11.
Why did FMR LLC file a Schedule 13G for Cracker Barrel (CBRL)?
FMR LLC filed Schedule 13G because its beneficial ownership in Cracker Barrel common stock reached more than 5%, specifically 5.3%. Crossing the 5% threshold triggers a reporting obligation to disclose ownership and voting or dispositive powers under SEC rules.
What voting and dispositive powers does FMR LLC report for CBRL stock?
FMR LLC reports sole voting power over 1,186,417.11 Cracker Barrel shares and no shared voting power. It also reports sole dispositive power over 1,212,288.86 shares, with no shared dispositive power, outlining how it can vote and dispose of the stock.