Sand Grove Capital Management LLP lifted its stake in Cabela’s Inc (NYSE:CAB) by 334.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,332,219 shares of the company’s stock after acquiring an additional 1,025,242 shares during the period. Cabela’s makes up 14.1% of Sand Grove Capital Management LLP’s portfolio, making the stock its 3rd largest holding. Sand Grove Capital Management LLP owned approximately 1.93% of Cabela’s worth $79,427,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Investment Centers of America Inc. grew its stake in shares of Cabela’s by 0.8% in the first quarter. Investment Centers of America Inc. now owns 5,237 shares of the company’s stock worth $278,000 after acquiring an additional 40 shares during the last quarter. Creative Planning lifted its position in Cabela’s by 0.8% in the second quarter. Creative Planning now owns 5,596 shares of the company’s stock worth $333,000 after purchasing an additional 47 shares during the period. Liberty Mutual Group Asset Management Inc. lifted its position in Cabela’s by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 23,140 shares of the company’s stock worth $1,229,000 after purchasing an additional 114 shares during the period. Stephens Inc. AR lifted its position in Cabela’s by 1.6% in the second quarter. Stephens Inc. AR now owns 8,639 shares of the company’s stock worth $513,000 after purchasing an additional 136 shares during the period. Finally, Capstone Asset Management Co. lifted its position in Cabela’s by 4.4% in the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 56.43% of the company’s stock.

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Several research analysts recently commented on the company. Zacks Investment Research raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $61.50 target price (up from $59.00) on shares of Cabela’s in a research report on Friday, September 8th. Northcoast Research cut Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Forward View reaffirmed a “buy” rating and issued a $61.50 target price on shares of Cabela’s in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.50.

Shares of Cabela’s Inc (CAB) remained flat at $61.47 on Friday. 2,331,706 shares of the company’s stock traded hands. Cabela’s Inc has a 1-year low of $45.00 and a 1-year high of $63.60. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 31.88 and a beta of 0.14. The stock has a 50 day moving average price of $55.62 and a 200-day moving average price of $54.79.

Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The firm had revenue of $890.40 million during the quarter, compared to analyst estimates of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities analysts predict that Cabela’s Inc will post $2.58 earnings per share for the current year.

About Cabela’s

Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.

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Institutional Ownership by Quarter for Cabela`s (NYSE:CAB)

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