Signature Wealth Management Group reduced its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,898 shares of the restaurant operator’s stock after selling 162 shares during the quarter. Cracker Barrel Old Country Store accounts for 2.1% of Signature Wealth Management Group’s holdings, making the stock its 22nd biggest position. Signature Wealth Management Group owned about 0.08% of Cracker Barrel Old Country Store worth $3,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eqis Capital Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 5.1% in the second quarter. Eqis Capital Management Inc. now owns 2,429 shares of the restaurant operator’s stock worth $415,000 after acquiring an additional 117 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in Cracker Barrel Old Country Store during the second quarter valued at approximately $512,000. AE Wealth Management LLC grew its position in Cracker Barrel Old Country Store by 5.1% during the second quarter. AE Wealth Management LLC now owns 2,288 shares of the restaurant operator’s stock valued at $391,000 after purchasing an additional 112 shares in the last quarter. Bessemer Group Inc. grew its position in Cracker Barrel Old Country Store by 0.8% during the second quarter. Bessemer Group Inc. now owns 430,078 shares of the restaurant operator’s stock valued at $73,427,000 after purchasing an additional 3,391 shares in the last quarter. Finally, Ledyard National Bank grew its position in Cracker Barrel Old Country Store by 7.3% during the second quarter. Ledyard National Bank now owns 21,819 shares of the restaurant operator’s stock valued at $3,726,000 after purchasing an additional 1,480 shares in the last quarter. Institutional investors and hedge funds own 84.91% of the company’s stock.

CBRL stock traded up $1.36 during trading hours on Monday, hitting $160.03. The company’s stock had a trading volume of 28,735 shares, compared to its average volume of 339,996. The company has a quick ratio of 0.22, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.73 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60. Cracker Barrel Old Country Store, Inc. has a 12 month low of $150.43 and a 12 month high of $185.00. The stock has a 50 day moving average price of $162.50 and a two-hundred day moving average price of $165.40.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Friday, October 18th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, October 17th. Cracker Barrel Old Country Store’s payout ratio is 56.09%.

In other news, CEO Sandra B. Cochran sold 9,007 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $165.95, for a total value of $1,494,711.65. Following the completion of the sale, the chief executive officer now directly owns 153,514 shares in the company, valued at $25,475,648.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sardar Biglari sold 68,630 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $170.13, for a total transaction of $11,676,021.90. The disclosure for this sale can be found here. Insiders sold 97,637 shares of company stock valued at $16,451,534 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

CBRL has been the topic of a number of research analyst reports. Maxim Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Tuesday, October 15th. SunTrust Banks boosted their price objective on shares of Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Wednesday, September 18th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, MKM Partners assumed coverage on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 26th. They set a “neutral” rating and a $160.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $173.96.

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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