Stifel Financial Corp Raises Position in Cracker Barrel Old Country Store, Inc. (CBRL)

Stifel Financial Corp raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 53.9% during the first quarter, Holdings Channel reports. The fund owned 7,640 shares of the restaurant operator’s stock after buying an additional 2,676 shares during the period. Stifel Financial Corp’s holdings in Cracker Barrel Old Country Store were worth $1,216,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $34,415,000. FMR LLC purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $13,709,000. Crawford Investment Counsel Inc. increased its stake in Cracker Barrel Old Country Store by 488.1% in the first quarter. Crawford Investment Counsel Inc. now owns 76,971 shares of the restaurant operator’s stock worth $12,258,000 after buying an additional 63,884 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Cracker Barrel Old Country Store by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 868,792 shares of the restaurant operator’s stock worth $137,750,000 after buying an additional 60,537 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Cracker Barrel Old Country Store by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 398,459 shares of the restaurant operator’s stock worth $63,455,000 after buying an additional 42,022 shares in the last quarter. Institutional investors own 89.24% 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) opened at 163.32 on Monday. The company’s 50 day moving average price is $164.17 and its 200-day moving average price is $162.41. The company has a market capitalization of $3.93 billion, a P/E ratio of 19.80 and a beta of 0.51. 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 issued its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $713.06 million. During the same period last year, the company earned $1.82 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be issued a $1.20 dividend. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, July 12th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.62%.

ILLEGAL ACTIVITY NOTICE: This article was reported by Mideast Time and is the sole property of of Mideast Time. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.mideasttime.com/stifel-financial-corp-raises-position-in-cracker-barrel-old-country-store-inc-cbrl/1791954.html.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company restated a “market perform” rating and set a $156.00 price target (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. Maxim Group restated a “hold” rating and set a $170.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, May 17th. Finally, Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $167.86.

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.

Want to see what other hedge funds are holding CBRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL).

Receive News & Ratings for Cracker Barrel Old Country Store Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.