Cracker Barrel Old Country Store, Inc. (CBRL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 12.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,370 shares of the restaurant operator’s stock after selling 600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cracker Barrel Old Country Store were worth $643,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $169,000. Wellington Shields Capital Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $209,000. Itau Unibanco Holding S.A. acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $230,000. Raymond James Trust N.A. acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $239,000. Finally, Truvestments Capital LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $273,000. Institutional investors own 87.84% of the company’s stock.

Shares of NASDAQ:CBRL opened at $177.49 on Thursday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $141.63 and a 52 week high of $185.00. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.98 and a beta of 0.40.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, January 17th. Cracker Barrel Old Country Store’s payout ratio is presently 56.37%.

In other news, VP Laura A. Daily sold 2,740 shares of the stock in a transaction 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 sale, the vice president now owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nicholas V. Flanagan sold 6,000 shares of the stock in a transaction 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 sale, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. Insiders sold 423,899 shares of company stock valued at $76,993,830 in the last ninety days. Insiders own 0.88% of the company’s stock.

A number of equities analysts have recently issued reports on CBRL shares. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. SunTrust Banks cut their price objective on shares of Cracker Barrel Old Country Store to $146.00 and set a “positive” rating on the stock in a report on Thursday, September 6th. Finally, Telsey Advisory Group cut their price objective on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $167.59.

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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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