Xact Kapitalforvaltning AB Acquires 400 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

Xact Kapitalforvaltning AB lifted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,172 shares of the restaurant operator’s stock after purchasing an additional 400 shares during the period. Xact Kapitalforvaltning AB’s holdings in Cracker Barrel Old Country Store were worth $467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $230,000. Raymond James Trust N.A. acquired a new stake in Cracker Barrel Old Country Store during the third quarter worth approximately $239,000. Truvestments Capital LLC acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $273,000. AE Wealth Management LLC boosted its position in Cracker Barrel Old Country Store by 34.9% during the second quarter. AE Wealth Management LLC now owns 2,000 shares of the restaurant operator’s stock worth $312,000 after acquiring an additional 517 shares during the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $325,000. 87.27% of the stock is owned by institutional investors and hedge funds.

In related news, VP Nicholas V. Flanagan sold 6,000 shares of Cracker Barrel Old Country Store stock in a transaction on Monday, September 24th. The shares were sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Laura A. Daily sold 2,740 shares of Cracker Barrel Old Country Store stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total transaction of $398,944.00. Following the sale, the vice president now directly owns 11,392 shares in the company, valued at approximately $1,658,675.20. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

CBRL has been the topic of a number of analyst reports. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price target for the company from $170.00 to $187.00 in a report on Thursday, July 26th. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, SunTrust Banks decreased their price target on shares of Cracker Barrel Old Country Store to $146.00 and set a “positive” rating on the stock in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $160.00.

NASDAQ:CBRL opened at $167.77 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.89 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.36. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.63 and a twelve month high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.14). The business had revenue of $810.90 million for the quarter, compared to analyst estimates of $824.86 million. Cracker Barrel Old Country Store had a net margin of 8.17% and a return on equity of 35.81%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 EPS. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 5th. Investors of record on Friday, October 19th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $5.00 annualized dividend and a dividend yield of 2.98%. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

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Cracker Barrel Old Country Store 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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