New Mexico Educational Retirement Board Takes Position in Cracker Barrel Old Country Store, Inc. (CBRL)

New Mexico Educational Retirement Board acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,900 shares of the restaurant operator’s stock, valued at approximately $937,000.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $121,000. Ffcm LLC increased its stake in shares of Cracker Barrel Old Country Store by 1,317.9% during the 3rd quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 738 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $128,000. Edge Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 2,725.7% during the 3rd quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 954 shares during the last quarter. Finally, FTB Advisors Inc. increased its stake in shares of Cracker Barrel Old Country Store by 291.8% during the 4th quarter. FTB Advisors Inc. now owns 1,007 shares of the restaurant operator’s stock worth $160,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 88.26% of the company’s stock.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at $161.35 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 1.02. The stock has a market cap of $3,836.98, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.18 and a beta of 0.56. Cracker Barrel Old Country Store, Inc. has a 1-year low of $141.75 and a 1-year high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.31. The business had revenue of $787.70 million during the quarter, compared to the consensus estimate of $787.26 million. Cracker Barrel Old Country Store had a net margin of 8.10% and a return on equity of 36.86%. Cracker Barrel Old Country Store’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.19 EPS. analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Friday, April 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.97%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 48.53%.

Several research analysts have recently commented on the stock. Bank of America dropped their price target on shares of Cracker Barrel Old Country Store from $160.00 to $155.00 and set an “underperform” rating on the stock in a research note on Wednesday. SunTrust Banks set a $152.00 price target on shares of Cracker Barrel Old Country Store and gave the stock a “hold” rating in a research note on Wednesday. Maxim Group restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price target (up previously from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, February 15th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $152.00 price target (up previously from $140.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $163.13.

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Cracker Barrel Old Country Store Company 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.

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

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