Great West Life Assurance Co. Can Purchases 972 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

Great West Life Assurance Co. Can grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,190 shares of the restaurant operator’s stock after acquiring an additional 972 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Cracker Barrel Old Country Store were worth $2,101,000 as of its most recent filing with the Securities & Exchange Commission.

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

Several equities research analysts recently issued reports on the company. BidaskClub downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Argus reiterated a “buy” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, February 27th. Wells Fargo & Co decreased their price target 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. Maxim Group reiterated a “hold” rating and set a $180.00 price target (up previously from $175.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a report on Monday, February 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $166.09.

Shares of NASDAQ:CBRL opened at $159.80 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. Cracker Barrel Old Country Store, Inc. has a 1 year low of $141.63 and a 1 year high of $185.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 19th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a yield of 3.13%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 45,000 shares of the company’s stock in a transaction on Friday, January 11th. The stock was sold at an average price of $169.18, for a total value of $7,613,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 746,709 shares of company stock valued at $126,638,832 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

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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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