Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Position Reduced by HL Financial Services LLC

HL Financial Services LLC trimmed its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,781 shares of the restaurant operator’s stock after selling 476 shares during the quarter. HL Financial Services LLC’s holdings in Cracker Barrel Old Country Store were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ffcm LLC lifted its stake in Cracker Barrel Old Country Store by 1,317.9% in the 3rd quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock valued at $122,000 after acquiring an additional 738 shares in the last quarter. Edge Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 2,725.7% in the 3rd quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock valued at $149,000 after acquiring an additional 954 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $159,000. FTB Advisors Inc. lifted its stake in Cracker Barrel Old Country Store by 291.8% in the 4th quarter. FTB Advisors Inc. now owns 1,007 shares of the restaurant operator’s stock valued at $160,000 after acquiring an additional 750 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cracker Barrel Old Country Store by 51.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) traded down $2.25 during mid-day trading on Wednesday, hitting $167.68. The company had a trading volume of 450,300 shares, compared to its average volume of 316,055. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.75 and a twelve month high of $179.12. The company has a market cap of $4,077.43, a P/E ratio of 20.49, a P/E/G ratio of 1.99 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.06. The business had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. Cracker Barrel Old Country Store’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.01 EPS. analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 12th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $4.80 annualized dividend and a yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 57.90%.

A number of equities research analysts have recently issued reports on the company. SunTrust Banks reiterated a “hold” rating and set a $136.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Friday, October 20th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a $173.00 price objective on the stock in a research note on Wednesday, November 8th. Longbow Research cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Maxim Group reissued a “hold” rating and set a $160.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, November 22nd. Finally, BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $161.13.

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Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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