Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Acquired by CSat Investment Advisory L.P.

CSat Investment Advisory L.P. lifted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 43.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,552 shares of the restaurant operator’s stock after purchasing an additional 1,084 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Cracker Barrel Old Country Store were worth $606,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Cracker Barrel Old Country Store by 1.4% during the 1st quarter. BlackRock Inc. now owns 2,630,579 shares of the restaurant operator’s stock worth $425,129,000 after purchasing an additional 36,576 shares during the period. Wells Fargo & Company MN grew its stake in shares of Cracker Barrel Old Country Store by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 618,653 shares of the restaurant operator’s stock worth $105,622,000 after purchasing an additional 15,360 shares during the period. Bessemer Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 430,078 shares of the restaurant operator’s stock worth $73,427,000 after purchasing an additional 3,391 shares during the period. APG Asset Management N.V. grew its stake in shares of Cracker Barrel Old Country Store by 17.4% during the 2nd quarter. APG Asset Management N.V. now owns 391,900 shares of the restaurant operator’s stock worth $58,754,000 after purchasing an additional 58,100 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Cracker Barrel Old Country Store by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 385,466 shares of the restaurant operator’s stock worth $65,811,000 after buying an additional 1,052 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

CBRL has been the topic of several recent research reports. ValuEngine lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Co boosted their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday. Telsey Advisory Group lowered shares of Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $190.00 to $170.00 in a research report on Wednesday, June 5th. Finally, SunTrust Banks boosted their price objective on shares of Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $172.82.

Shares of Cracker Barrel Old Country Store stock traded down $0.14 on Friday, hitting $166.12. The company’s stock had a trading volume of 399,508 shares, compared to its average volume of 435,782. Cracker Barrel Old Country Store, Inc. has a 52-week low of $144.12 and a 52-week high of $185.00. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $166.08 and a 200-day moving average price of $165.06. The company has a market capitalization of $4.00 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.59.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, September 17th. The restaurant operator reported $2.70 EPS for the quarter, topping the consensus estimate of $2.43 by $0.27. Cracker Barrel Old Country Store had a net margin of 7.27% and a return on equity of 36.01%. The business had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. During the same period in the previous year, the firm earned $2.19 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 9.37 earnings per share for the current year.

Cracker Barrel Old Country Store declared that its board has initiated a share buyback plan on Tuesday, June 4th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 75,910 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $174.46, for a total value of $13,243,258.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sandra B. Cochran sold 9,007 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $165.95, for a total transaction of $1,494,711.65. Following the completion of the transaction, the chief executive officer now owns 153,514 shares in the company, valued at $25,475,648.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,008,608 shares of company stock worth $173,032,478. 0.88% of the stock is owned by insiders.

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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