Cracker Barrel Old Country Store, Inc. (CBRL) Shares Bought by State Street Corp

State Street Corp raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 739,419 shares of the restaurant operator’s stock after buying an additional 20,932 shares during the period. State Street Corp owned about 3.08% of Cracker Barrel Old Country Store worth $123,663,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Crawford Investment Counsel Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 25.3% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock worth $16,124,000 after buying an additional 19,437 shares during the last quarter. Jensen Investment Management Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 24.4% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock worth $649,000 after buying an additional 760 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cracker Barrel Old Country Store by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock worth $63,028,000 after buying an additional 11,236 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Cracker Barrel Old Country Store by 3.0% in the 1st quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 900 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 18,784.9% in the 1st quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock worth $358,755,000 after buying an additional 2,240,854 shares during the last quarter. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $153.39, for a total value of $306,780.00. Following the sale, the director now owns 11,758 shares in the company, valued at $1,803,559.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the sale, the chief executive officer now owns 157,591 shares in the company, valued at approximately $23,901,826.97. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

CBRL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Maxim Group reissued a “hold” rating and issued a $155.00 price target (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 7th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $136.00 price target on shares of Cracker Barrel Old Country Store in a report on Friday. Finally, Instinet initiated coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $161.00.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/10/23/cracker-barrel-old-country-store-inc-cbrl-shares-bought-by-state-street-corp.html.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 157.58 on Monday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $131.50 and a 12-month high of $175.04. The company’s 50 day moving average is $150.01 and its 200 day moving average is $157.34. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 18.83 and a beta of 0.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a net margin of 7.25% and a return on equity of 37.71%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $746.72 million. During the same quarter in the previous year, the business posted $2.12 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store declared that its board has authorized a share buyback plan on Friday, September 29th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy up to 0.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Friday, October 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 57.28%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

Receive News & Ratings for Cracker Barrel Old Country Store Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply