Cracker Barrel Old Country Store, Inc. (CBRL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 237.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,580 shares of the restaurant operator’s stock after purchasing an additional 2,518 shares during the quarter. SG Americas Securities LLC’s holdings in Cracker Barrel Old Country Store were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Cracker Barrel Old Country Store by 23.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,955 shares of the restaurant operator’s stock valued at $13,972,000 after acquiring an additional 17,765 shares during the period. Teachers Advisors LLC grew its position in shares of Cracker Barrel Old Country Store by 1.5% during the 3rd quarter. Teachers Advisors LLC now owns 38,089 shares of the restaurant operator’s stock valued at $5,604,000 after acquiring an additional 545 shares during the period. Legal & General Group Plc grew its position in shares of Cracker Barrel Old Country Store by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 28,986 shares of the restaurant operator’s stock valued at $4,265,000 after acquiring an additional 616 shares during the period. State of Alaska Department of Revenue grew its position in shares of Cracker Barrel Old Country Store by 5.6% during the 4th quarter. State of Alaska Department of Revenue now owns 3,210 shares of the restaurant operator’s stock valued at $513,000 after acquiring an additional 169 shares during the period. Finally, BB&T Corp grew its position in shares of Cracker Barrel Old Country Store by 3.5% during the 4th quarter. BB&T Corp now owns 11,166 shares of the restaurant operator’s stock valued at $1,785,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 85.86% of the company’s stock.

A number of brokerages have recently issued reports on CBRL. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Maxim Group raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $190.00 in a research report on Thursday, April 11th. Argus reissued a “buy” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, February 27th. Finally, Wells Fargo & Co cut their price objective on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating for the company in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $169.82.



Shares of Cracker Barrel Old Country Store stock opened at $169.12 on Wednesday. The firm has a market capitalization of $3.98 billion, a P/E ratio of 19.07, a PEG ratio of 1.85 and a beta of 0.50. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $141.63 and a fifty-two week high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.06. The company had revenue of $811.70 million during the quarter, compared to the consensus estimate of $810.49 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. Cracker Barrel Old Country Store’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.73 EPS. On average, sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.

In related news, major shareholder Sardar Biglari sold 12,130 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.88% of the company’s stock.

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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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