Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Holdings in Cracker Barrel Old Country Store, Inc. (CBRL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,877 shares of the restaurant operator’s stock after selling 1,602 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cracker Barrel Old Country Store were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CBRL. BlackRock Inc. raised its position in shares of Cracker Barrel Old Country Store by 5.3% in the 2nd quarter. BlackRock Inc. now owns 2,513,796 shares of the restaurant operator’s stock valued at $392,679,000 after acquiring an additional 127,574 shares during the period. Advisors Asset Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 1,039.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 692,385 shares of the restaurant operator’s stock valued at $7,630,000 after acquiring an additional 631,635 shares during the period. Wells Fargo & Company MN raised its position in shares of Cracker Barrel Old Country Store by 4.7% in the 3rd quarter. Wells Fargo & Company MN now owns 666,318 shares of the restaurant operator’s stock valued at $98,035,000 after acquiring an additional 30,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cracker Barrel Old Country Store by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 452,109 shares of the restaurant operator’s stock valued at $70,626,000 after acquiring an additional 3,516 shares during the period. Finally, Northern Trust Corp raised its position in shares of Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. Northern Trust Corp now owns 376,578 shares of the restaurant operator’s stock valued at $58,825,000 after acquiring an additional 4,560 shares during the period. Institutional investors own 87.84% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $201.00 price target on the stock in a research report on Wednesday. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Thursday, November 29th. Telsey Advisory Group raised their target price on shares of Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Finally, Gordon Haskett downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $167.59.

In other news, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the transaction, the vice president now directly owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $145.81, for a total transaction of $874,860.00. Following the transaction, the vice president now directly owns 18,784 shares of the company’s stock, valued at $2,738,895.04. The disclosure for this sale can be found here. Insiders have sold a total of 423,899 shares of company stock worth $76,993,830 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Shares of CBRL stock opened at $177.49 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.38 and a current ratio of 0.87. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.00 and a beta of 0.40. Cracker Barrel Old Country Store, Inc. has a 52 week low of $141.63 and a 52 week high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, topping the consensus estimate of $1.91 by $0.05. The firm had revenue of $733.50 million for the quarter, compared to the consensus estimate of $720.94 million. Cracker Barrel Old Country Store had a net margin of 8.14% and a return on equity of 35.18%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. On average, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $5.00 annualized dividend and a yield of 2.82%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 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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