Rhumbline Advisers Cuts Holdings in Cracker Barrel Old Country Store, Inc. (CBRL)

Rhumbline Advisers lessened its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.0% in the first quarter, HoldingsChannel.com reports. The firm owned 84,855 shares of the restaurant operator’s stock after selling 878 shares during the period. Rhumbline Advisers’ holdings in Cracker Barrel Old Country Store were worth $13,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. First Republic Investment Management Inc. raised its stake in Cracker Barrel Old Country Store by 6.4% in the first quarter. First Republic Investment Management Inc. now owns 1,395 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 84 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cracker Barrel Old Country Store by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,736 shares of the restaurant operator’s stock valued at $1,250,000 after purchasing an additional 325 shares in the last quarter. Verity & Verity LLC raised its stake in Cracker Barrel Old Country Store by 12.5% in the first quarter. Verity & Verity LLC now owns 16,601 shares of the restaurant operator’s stock valued at $2,683,000 after purchasing an additional 1,850 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Cracker Barrel Old Country Store by 237.1% during the first quarter. SG Americas Securities LLC now owns 3,580 shares of the restaurant operator’s stock worth $579,000 after acquiring an additional 2,518 shares in the last quarter. Finally, Naples Global Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 6.4% during the first quarter. Naples Global Advisors LLC now owns 11,218 shares of the restaurant operator’s stock worth $1,813,000 after acquiring an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

Shares of NASDAQ CBRL opened at $166.56 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64. Cracker Barrel Old Country Store, Inc. has a 52 week low of $141.63 and a 52 week high of $185.00. The firm has a market capitalization of $4.04 billion, a P/E ratio of 18.78, a PEG ratio of 1.88 and a beta of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 EPS for the quarter, topping the consensus estimate of $2.46 by $0.06. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The company had revenue of $811.70 million for the quarter, compared to the consensus estimate of $810.49 million. During the same period in the previous year, the firm earned $2.73 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

In related news, major shareholder Sardar Biglari sold 12,130 shares of Cracker Barrel Old Country Store stock in a transaction on Friday, May 10th. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

CBRL has been the topic of several research reports. ValuEngine downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Argus reissued a “buy” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, February 27th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Maxim Group reissued a “hold” rating and set a $180.00 price target (up from $175.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 19th. Finally, BidaskClub raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average price target of $169.82.

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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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