Martingale Asset Management L P Has $6.021 Million Stake in Cracker Barrel Old Country Store, Inc. (CBRL)

Martingale Asset Management L P boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 37,803 shares of the restaurant operator’s stock after buying an additional 300 shares during the period. Martingale Asset Management L P’s holdings in Cracker Barrel Old Country Store were worth $6,021,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Synovus Financial Corp raised its stake in Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the restaurant operator’s stock valued at $120,000 after buying an additional 6 shares during the period. Neuburgh Advisers LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 96 shares during the period. Glen Harbor Capital Management LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 132 shares during the period. Pacad Investment Ltd. raised its stake in Cracker Barrel Old Country Store by 16.2% in the fourth quarter. Pacad Investment Ltd. now owns 1,162 shares of the restaurant operator’s stock valued at $194,000 after buying an additional 162 shares during the period. Finally, Elkfork Partners LLC purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $201,000. Institutional investors own 85.69% of the company’s stock.

Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded up 0.45% on Friday, reaching $159.00. The company had a trading volume of 375,489 shares. The stock has a market capitalization of $3.82 billion, a PE ratio of 19.04 and a beta of 0.40. The stock has a 50 day moving average price of $160.27 and a 200 day moving average price of $159.87. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 21st. The restaurant operator reported $2.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.05. The firm had revenue of $772.70 million during the quarter, compared to analysts’ expectations of $783.86 million. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. Cracker Barrel Old Country Store’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 5th. Shareholders of record on Friday, April 14th were paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $4.60 annualized dividend and a yield of 2.89%. Cracker Barrel Old Country Store’s payout ratio is currently 56.23%.

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A number of equities research analysts have recently issued reports on the company. Maxim Group restated a “hold” rating and issued a $170.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday. Buckingham Research set a $161.00 price target on Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Tuesday, February 14th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $162.94.

In other Cracker Barrel Old Country Store news, Director Richard J. Dobkin sold 2,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $165.00, for a total value of $330,000.00. Following the completion of the sale, the director now directly owns 14,135 shares of the company’s stock, valued at approximately $2,332,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

5 Day Chart for NASDAQ:CBRL

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