Hilltop Holdings Inc. Boosts Stake in Cracker Barrel Old Country Store, Inc. (CBRL)

Hilltop Holdings Inc. lifted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 45.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,476 shares of the restaurant operator’s stock after purchasing an additional 774 shares during the quarter. Hilltop Holdings Inc.’s holdings in Cracker Barrel Old Country Store were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRL. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cracker Barrel Old Country Store by 51.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 377 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at about $121,000. Teacher Retirement System of Texas boosted its holdings in Cracker Barrel Old Country Store by 318.7% during the 4th quarter. Teacher Retirement System of Texas now owns 6,658 shares of the restaurant operator’s stock valued at $1,058,000 after acquiring an additional 5,068 shares during the period. California Public Employees Retirement System boosted its holdings in Cracker Barrel Old Country Store by 3.0% during the 4th quarter. California Public Employees Retirement System now owns 33,634 shares of the restaurant operator’s stock valued at $5,344,000 after acquiring an additional 972 shares during the period. Finally, Swiss National Bank boosted its holdings in Cracker Barrel Old Country Store by 1.9% during the 4th quarter. Swiss National Bank now owns 32,450 shares of the restaurant operator’s stock valued at $5,156,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

A number of research analysts have commented on CBRL shares. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. Maxim Group reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, February 20th. SunTrust Banks set a $152.00 price target on Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Wednesday, February 21st. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Bank of America lowered their price target on Cracker Barrel Old Country Store from $155.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $162.50.



Shares of Cracker Barrel Old Country Store traded up $0.43, hitting $164.85, during trading on Monday, Marketbeat Ratings reports. The stock had a trading volume of 1,124 shares, compared to its average volume of 361,341. Cracker Barrel Old Country Store, Inc. has a 12 month low of $141.75 and a 12 month high of $179.12. The firm has a market capitalization of $3.95 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.31 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 1.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, May 22nd. The restaurant operator reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.08. Cracker Barrel Old Country Store had a return on equity of 36.57% and a net margin of 8.11%. The firm had revenue of $721.40 million during the quarter, compared to analyst estimates of $720.05 million. During the same quarter in the prior year, the company earned $1.95 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, July 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.20. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.35%.

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. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

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

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