Public Employees Retirement System of Ohio boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 158.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,644 shares of the restaurant operator’s stock after buying an additional 1,620 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cracker Barrel Old Country Store were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Doyle Wealth Management purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $26,000. Parallel Advisors LLC raised its holdings in Cracker Barrel Old Country Store by 318.4% in the 4th quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 277 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $93,000. Fifth Third Bancorp raised its holdings in Cracker Barrel Old Country Store by 128.0% in the 3rd quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 384 shares during the period. Finally, IMS Capital Management purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $131,000. Hedge funds and other institutional investors own 84.65% of the company’s stock.

Shares of NASDAQ:CBRL opened at $155.70 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.94. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49. 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 issued its quarterly earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.46 by $0.06. The company had revenue of $811.70 million for the quarter, compared to analyst estimates of $810.49 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.73 earnings per share. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a yield of 3.21%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research restated a “hold” rating and issued a $183.00 price objective on shares of Cracker Barrel Old Country Store in a report on Monday, December 31st. ValuEngine lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $190.00 in a report on Thursday, April 11th. Finally, Wells Fargo & Co reduced their price objective on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating on the stock in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $169.82.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 56,494 shares of the business’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $169.19, for a total transaction of $9,558,219.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 552,026 shares of company stock worth $93,690,388 over the last quarter. 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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