Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Holdings Raised by Burney Co.

Burney Co. raised its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 6.4% during the first quarter, HoldingsChannel.com reports. The fund owned 19,098 shares of the restaurant operator’s stock after buying an additional 1,144 shares during the period. Burney Co.’s holdings in Cracker Barrel Old Country Store were worth $3,086,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Doyle Wealth Management bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $26,000. Adirondack Trust Co. raised its holdings in shares of Cracker Barrel Old Country Store by 104.0% in the first quarter. Adirondack Trust Co. now owns 255 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 130 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Cracker Barrel Old Country Store by 46.4% in the first quarter. Signaturefd LLC now owns 309 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 98 shares during the last quarter. Parallel Advisors LLC raised its holdings in Cracker Barrel Old Country Store by 318.4% during the 4th quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 277 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $93,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CBRL opened at $164.93 on Wednesday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.82 and a beta of 0.54. 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 debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.57.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, June 4th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.02. The firm had revenue of $739.60 million during the quarter, compared to analysts’ expectations of $735.15 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 EPS. As a group, sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 9 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a $3.00 dividend. The ex-dividend date is Thursday, July 18th. This represents a dividend yield of 3%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

Several analysts have weighed in on CBRL shares. Argus reissued a “buy” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, February 27th. Maxim Group reissued a “hold” rating and set a $180.00 price objective (up from $175.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, February 19th. BidaskClub cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Monday, February 18th. Finally, Wells Fargo & Co boosted their price objective on Cracker Barrel Old Country Store from $147.00 to $153.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $171.25.

In other news, major shareholder Sardar Biglari sold 2,520 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $169.90, for a total value of $428,148.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.88% of the company’s stock.

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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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Want to see what other hedge funds are holding CBRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL).

Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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