Aperio Group LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 32,404 shares of the restaurant operator’s stock after buying an additional 529 shares during the period. Aperio Group LLC’s holdings in Cracker Barrel Old Country Store were worth $5,420,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CBRL. Louisiana State Employees Retirement System increased its position in Cracker Barrel Old Country Store by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the restaurant operator’s stock valued at $1,054,000 after buying an additional 200 shares during the last quarter. LS Investment Advisors LLC increased its position in Cracker Barrel Old Country Store by 18.7% in the second quarter. LS Investment Advisors LLC now owns 1,926 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 304 shares during the last quarter. Palo Capital Inc. increased its position in Cracker Barrel Old Country Store by 0.8% in the second quarter. Palo Capital Inc. now owns 15,784 shares of the restaurant operator’s stock valued at $2,640,000 after buying an additional 120 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Cracker Barrel Old Country Store by 3.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 8,698 shares of the restaurant operator’s stock valued at $1,455,000 after buying an additional 329 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in Cracker Barrel Old Country Store by 13.4% in the second quarter. Eqis Capital Management Inc. now owns 2,977 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 352 shares during the last quarter. 89.29% of the stock is owned by institutional investors.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded up 0.820% during midday trading on Monday, hitting $156.745. The stock had a trading volume of 48,272 shares. The firm has a 50 day moving average price of $162.69 and a 200 day moving average price of $161.30. The stock has a market cap of $3.77 billion, a PE ratio of 18.999 and a beta of 0.52. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $713.06 million. During the same period in the previous year, the business earned $1.82 EPS. The company’s revenue was up .0% on a year-over-year basis. Equities analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be paid a dividend of $1.20 per share. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, July 12th. Cracker Barrel Old Country Store’s payout ratio is 58.04%.
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Several equities analysts have weighed in on the company. BidaskClub downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research report on Wednesday, July 12th. Instinet assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Nomura assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $165.78.
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.
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