Cracker Barrel Old Country Store, Inc. (CBRL) Shares Sold by IFG Advisory LLC

IFG Advisory LLC decreased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.6% during the 1st quarter, HoldingsChannel reports. The fund owned 3,142 shares of the restaurant operator’s stock after selling 186 shares during the period. IFG Advisory LLC’s holdings in Cracker Barrel Old Country Store were worth $507,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CBRL. BlackRock Inc. increased its stake in Cracker Barrel Old Country Store by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,594,003 shares of the restaurant operator’s stock worth $414,678,000 after buying an additional 43,316 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Cracker Barrel Old Country Store by 2,122.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 452,822 shares of the restaurant operator’s stock worth $73,182,000 after buying an additional 432,447 shares during the period. Two Sigma Advisers LP increased its stake in Cracker Barrel Old Country Store by 335.4% during the 4th quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock worth $68,890,000 after buying an additional 331,959 shares during the period. Bessemer Group Inc. increased its stake in Cracker Barrel Old Country Store by 57.1% during the 4th quarter. Bessemer Group Inc. now owns 376,103 shares of the restaurant operator’s stock worth $60,124,000 after buying an additional 136,641 shares during the period. Finally, Geode Capital Management LLC increased its stake in Cracker Barrel Old Country Store by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock worth $51,245,000 after buying an additional 27,651 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

CBRL has been the topic of several analyst reports. Maxim Group raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $190.00 in a research note on Thursday, April 11th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. 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. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Argus reissued a “buy” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $169.82.

In other news, major shareholder Sardar Biglari sold 12,130 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is currently owned by insiders.

CBRL opened at $163.94 on Friday. The stock has a market capitalization of $4.07 billion, a PE ratio of 18.48, a P/E/G ratio of 1.89 and a beta of 0.50. Cracker Barrel Old Country Store, Inc. has a 1-year low of $141.63 and a 1-year high of $185.00. 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 (NASDAQ:CBRL) last released its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.06. The company had revenue of $811.70 million during the quarter, compared to the consensus estimate 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 company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.73 EPS. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 19th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Wednesday, April 17th. Cracker Barrel Old Country Store’s payout ratio is currently 56.37%.

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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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