Cracker Barrel Old Country Store, Inc. (CBRL) Stake Lessened by Kelman Lazarov Inc.

Kelman Lazarov Inc. lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 59.9% in the 1st quarter, HoldingsChannel reports. The fund owned 2,085 shares of the restaurant operator’s stock after selling 3,112 shares during the period. Kelman Lazarov Inc.’s holdings in Cracker Barrel Old Country Store were worth $337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. raised its holdings in Cracker Barrel Old Country Store by 64.8% in the 1st quarter. Olstein Capital Management L.P. now owns 26,900 shares of the restaurant operator’s stock valued at $4,347,000 after acquiring an additional 10,574 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Cracker Barrel Old Country Store by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 32,221 shares of the restaurant operator’s stock valued at $5,207,000 after acquiring an additional 128 shares in the last quarter. Martin Capital Partners LLC acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $164,000. Mason Street Advisors LLC raised its holdings in Cracker Barrel Old Country Store by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 12,784 shares of the restaurant operator’s stock valued at $2,066,000 after acquiring an additional 195 shares in the last quarter. Finally, Farmers National Bank acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $161,000. Institutional investors own 85.86% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, May 17th. BidaskClub cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Maxim Group raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $190.00 in a report on Thursday, April 11th. Argus reissued a “buy” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, February 27th. Finally, Wells Fargo & Co dropped their target price on Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating for the company in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $169.82.

In related news, major shareholder Sardar Biglari sold 12,130 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $170.02, for a total transaction of $2,062,342.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Shares of CBRL traded up $0.41 during mid-day trading on Wednesday, reaching $169.53. The company had a trading volume of 102 shares, compared to its average volume of 377,389. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.63 and a twelve month high of $185.00. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.07 billion, a PE ratio of 19.07, a PEG ratio of 1.85 and a beta of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.46 by $0.06. The business had revenue of $811.70 million during the quarter, compared to analysts’ expectations of $810.49 million. Cracker Barrel Old Country Store had a return on equity of 34.20% and a net margin of 7.09%. Cracker Barrel Old Country Store’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 EPS. On average, sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a yield of 2.95%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

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

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