Cracker Barrel Old Country Store, Inc. (CBRL) Stake Increased by Dean Investment Associates LLC

Dean Investment Associates LLC lifted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,875 shares of the restaurant operator’s stock after buying an additional 196 shares during the quarter. Dean Investment Associates LLC’s holdings in Cracker Barrel Old Country Store were worth $788,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CBRL. Chemical Bank boosted its holdings in Cracker Barrel Old Country Store by 4.1% in the fourth quarter. Chemical Bank now owns 1,528 shares of the restaurant operator’s stock worth $244,000 after purchasing an additional 60 shares during the period. Comerica Bank boosted its holdings in Cracker Barrel Old Country Store by 0.6% in the fourth quarter. Comerica Bank now owns 12,250 shares of the restaurant operator’s stock worth $2,070,000 after purchasing an additional 71 shares during the period. First Republic Investment Management Inc. boosted its holdings 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 worth $225,000 after purchasing an additional 84 shares during the period. Sigma Planning Corp boosted its holdings in Cracker Barrel Old Country Store by 3.7% in the first quarter. Sigma Planning Corp now owns 3,040 shares of the restaurant operator’s stock worth $491,000 after purchasing an additional 109 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Cracker Barrel Old Country Store by 0.4% in the first quarter. New York State Common Retirement Fund now owns 32,221 shares of the restaurant operator’s stock worth $5,207,000 after purchasing an additional 128 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Sardar Biglari sold 2,520 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total transaction of $428,148.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by insiders.

Shares of NASDAQ CBRL opened at $163.70 on Friday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $141.63 and a fifty-two week high of $185.00. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64. The stock has a market cap of $3.94 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.89 and a beta of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $811.70 million for the quarter, compared to analysts’ expectations of $810.49 million. During the same period in the previous year, the business earned $2.73 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, analysts predict that Cracker Barrel Old Country Store, Inc. will post 8.95 earnings per share for the current fiscal year.

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

A number of equities analysts have commented on the stock. Maxim Group reaffirmed a “hold” rating and issued a $180.00 price objective (up previously from $175.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, February 19th. Zacks Investment Research raised shares of 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. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, April 26th. ValuEngine downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Wells Fargo & Co decreased their price objective on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating for the company in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Cracker Barrel Old Country Store has an average 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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