First American Bank Sells 905 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

First American Bank lowered its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,972 shares of the restaurant operator’s stock after selling 905 shares during the period. First American Bank owned about 0.06% of Cracker Barrel Old Country Store worth $2,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Doyle Wealth Management acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $26,000. Parallel Advisors LLC increased its position in Cracker Barrel Old Country Store by 318.4% in the 4th quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 277 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $93,000. Fifth Third Bancorp increased its position in Cracker Barrel Old Country Store by 128.0% in the 3rd quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 384 shares during the period. Finally, IMS Capital Management acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $131,000. 84.65% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. Maxim Group restated a “hold” rating and issued a $180.00 target price (up from $175.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, February 19th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Monday, February 18th. BidaskClub cut Cracker Barrel Old Country Store from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. ValuEngine cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Wells Fargo & Co lowered their price target on Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $169.82.

CBRL opened at $163.23 on Thursday. The firm has a market cap of $3.90 billion, a PE ratio of 18.40, a P/E/G ratio of 1.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $141.63 and a fifty-two week high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.06. The business had revenue of $811.70 million during the quarter, compared to analyst estimates of $810.49 million. Cracker Barrel Old Country Store had a return on equity of 34.20% and a net margin of 7.09%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $2.73 EPS. Equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.37%.

In other news, major shareholder Sardar Biglari sold 140,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $169.54, for a total transaction of $23,735,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 482,771 shares of company stock valued at $81,973,649. Corporate insiders own 0.88% of the company’s stock.

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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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