Two Sigma Advisers LP Purchases 331,959 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

Two Sigma Advisers LP increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 335.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 430,942 shares of the restaurant operator’s stock after buying an additional 331,959 shares during the period. Two Sigma Advisers LP owned about 1.79% of Cracker Barrel Old Country Store worth $68,890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Doyle Wealth Management acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $26,000. Parallel Advisors LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 318.4% in the fourth quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 277 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Cracker Barrel Old Country Store by 128.0% in the third quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 384 shares during the period. IMS Capital Management acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $131,000. Finally, FMR LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $144,000. Hedge funds and other institutional investors own 83.85% of the company’s stock.

CBRL has been the subject of several recent research reports. Maxim Group downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $175.00 price target for the company. in a report on Tuesday, November 20th. They noted that the move was a valuation call. Zacks Investment Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 20th. Wells Fargo & Co increased their price target on Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the stock a “market perform” rating in a report on Monday, November 26th. Gordon Haskett downgraded Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a report on Wednesday, November 28th. Finally, Telsey Advisory Group increased their price target on 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $166.09.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 29,704 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $171.95, for a total value of $5,107,602.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 746,709 shares of company stock valued at $126,638,832. 0.88% of the stock is owned by corporate insiders.

Cracker Barrel Old Country Store stock traded down $0.48 during midday trading on Wednesday, reaching $156.11. The company’s stock had a trading volume of 556 shares, compared to its average volume of 463,039. 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 debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.94. The company has a market cap of $3.76 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.49.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.02. Cracker Barrel Old Country Store had a return on equity of 34.20% and a net margin of 7.09%. The company had revenue of $811.70 million during the quarter, compared to the consensus estimate of $810.49 million. During the same quarter last year, the company earned $2.73 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 9.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 19th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, April 17th. 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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