Cracker Barrel Old Country Store, Inc. (CBRL) Position Boosted by Sciencast Management LP

Sciencast Management LP increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,200 shares of the restaurant operator’s stock after buying an additional 551 shares during the period. Sciencast Management LP’s holdings in Cracker Barrel Old Country Store were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Two Sigma Advisers LP boosted its holdings in Cracker Barrel Old Country Store by 335.4% in the 4th quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock valued at $68,890,000 after purchasing an additional 331,959 shares during the period. Norges Bank bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $30,458,000. Marshall Wace LLP boosted its holdings in Cracker Barrel Old Country Store by 59.8% in the 3rd quarter. Marshall Wace LLP now owns 413,104 shares of the restaurant operator’s stock valued at $60,780,000 after purchasing an additional 154,535 shares during the period. Macquarie Group Ltd. bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $24,365,000. Finally, Bessemer Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 57.1% in the 4th quarter. Bessemer Group Inc. now owns 376,103 shares of the restaurant operator’s stock valued at $60,124,000 after buying an additional 136,641 shares in the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Sardar Biglari sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $169.37, for a total value of $4,234,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 189,456 shares of company stock worth $32,240,260 in the last ninety days. Insiders own 0.88% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. ValuEngine cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Wells Fargo & Co dropped their price objective on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating for the company in a research note on Wednesday, February 27th. Finally, Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $190.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $169.82.

Shares of Cracker Barrel Old Country Store stock traded up $0.54 during mid-day trading on Friday, reaching $169.53. 214,178 shares of the stock were exchanged, compared to its average volume of 353,747. The stock has a market capitalization of $4.06 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. 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 announced its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.06. The business had revenue of $811.70 million during the quarter, compared to analysts’ expectations of $810.49 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $2.73 EPS. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 19th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

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Cracker Barrel Old Country Store Company Profile

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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