Raymond James Financial Services Advisors Inc. cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,839 shares of the restaurant operator’s stock after selling 4,750 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Cracker Barrel Old Country Store were worth $2,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Doyle Wealth Management bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $26,000. Parallel Advisors LLC boosted 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 during the last quarter. Fifth Third Bancorp boosted 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 during the last quarter. IMS Capital Management bought a new position in Cracker Barrel Old Country Store during the third quarter worth about $131,000. Finally, Victory Capital Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 128.2% during the fourth quarter. Victory Capital Management Inc. now owns 922 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 518 shares during the period. Institutional investors own 83.93% of the company’s stock.

In related news, major shareholder Sardar Biglari sold 42,258 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $171.24, for a total value of $7,236,259.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 788,967 shares of company stock worth $133,875,092. 0.88% of the stock is owned by insiders.

A number of equities research analysts have recently commented on CBRL shares. BidaskClub lowered Cracker Barrel Old Country Store from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Wells Fargo & Co raised their price target on Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the stock a “market perform” rating in a research report on Monday, November 26th. Maxim Group lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $181.75 price target on the stock. in a research report on Sunday, December 2nd. Finally, Gordon Haskett lowered Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a research report on Wednesday, November 28th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $166.09.

Shares of Cracker Barrel Old Country Store stock opened at $156.04 on Friday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.63 and a 52-week high of $185.00. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.59, a PEG ratio of 1.72 and a beta of 0.49. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 19th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.37%.

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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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