Dimensional Fund Advisors LP reduced its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430,485 shares of the restaurant operator’s stock after selling 23,448 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cracker Barrel Old Country Store were worth $68,819,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Doyle Wealth Management bought a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $26,000. Parallel Advisors LLC increased its stake 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 worth $58,000 after acquiring an additional 277 shares during the last quarter. Victory Capital Management Inc. increased its stake in Cracker Barrel Old Country Store by 128.2% in the 4th quarter. Victory Capital Management Inc. now owns 922 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 518 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 28.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 985 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 219 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $160,000. Institutional investors and hedge funds own 85.53% of the company’s stock.
A number of research firms have recently issued reports on CBRL. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, ValuEngine cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $169.82.
In related news, major shareholder Sardar Biglari sold 12,130 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $170.02, for a total transaction of $2,062,342.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.88% of the company’s stock.
CBRL opened at $163.94 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $141.63 and a 12-month high of $185.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55. The stock has a market capitalization of $4.07 billion, a PE ratio of 18.48, a PEG ratio of 1.89 and a beta of 0.50.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data 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. Cracker Barrel Old Country Store had a return on equity of 34.20% and a net margin of 7.09%. The firm had revenue of $811.70 million during the quarter, compared to analysts’ expectations of $810.49 million. During the same period in the prior year, the business earned $2.73 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research 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. Investors of record on Friday, April 19th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 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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