Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Bought by Whitener Capital Management Inc.

Whitener Capital Management Inc. grew its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 117.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 555 shares of the restaurant operator’s stock after acquiring an additional 300 shares during the quarter. Whitener Capital Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Cracker Barrel Old Country Store by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock valued at $51,245,000 after acquiring an additional 27,651 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at about $420,000. Retirement Systems of Alabama increased its position in shares of Cracker Barrel Old Country Store by 0.4% during the first quarter. Retirement Systems of Alabama now owns 31,295 shares of the restaurant operator’s stock valued at $5,058,000 after acquiring an additional 133 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 12.0% in the first quarter. Nisa Investment Advisors LLC now owns 17,730 shares of the restaurant operator’s stock valued at $2,865,000 after purchasing an additional 1,900 shares during the period. Finally, Brookstone Capital Management purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $488,000. 82.21% of the stock is owned by institutional investors.

Shares of NASDAQ CBRL traded up $1.01 during midday trading on Friday, hitting $164.94. The company’s stock had a trading volume of 293,000 shares, compared to its average volume of 341,998. The business’s fifty day simple moving average is $172.13 and its two-hundred day simple moving average is $165.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.57. Cracker Barrel Old Country Store, Inc. has a 1 year low of $141.63 and a 1 year high of $185.00. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.81 and a beta of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 4th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Cracker Barrel Old Country Store had a net margin of 7.10% and a return on equity of 34.36%. The company had revenue of $739.60 million during the quarter, compared to the consensus estimate of $735.15 million. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9 EPS for the current fiscal year.

Cracker Barrel Old Country Store announced that its board has authorized a share repurchase program on Tuesday, June 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a special dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were paid a $3.00 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a yield of 3%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 58.62%.

In related news, major shareholder Sardar Biglari sold 2,520 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total value of $428,148.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,173,399 shares of company stock valued at $201,096,228 in the last quarter. 0.88% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. ValuEngine lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co raised their price objective on shares of Cracker Barrel Old Country Store from $147.00 to $153.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, Maxim Group reissued a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have 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 $171.96.

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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