Marietta Wealth Management LLC Acquires 220 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

Marietta Wealth Management LLC grew its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,407 shares of the restaurant operator’s stock after buying an additional 220 shares during the period. Marietta Wealth Management LLC’s holdings in Cracker Barrel Old Country Store were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Doyle Wealth Management purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth $26,000. Parallel Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 318.4% in the 4th quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock worth $58,000 after buying an additional 277 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth $93,000. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth $128,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 128.2% in the 4th quarter. Victory Capital Management Inc. now owns 922 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 518 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Sardar Biglari sold 2,520 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total transaction of $428,148.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.



Several research firms have recently issued reports on CBRL. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Co lowered their target price 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 report on Wednesday, February 27th. Finally, Argus restated a “buy” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $169.82.

Cracker Barrel Old Country Store stock opened at $163.70 on Friday. The stock has a market capitalization of $3.94 billion, a PE ratio of 18.46, a PEG ratio of 1.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55. Cracker Barrel Old Country Store, Inc. has a 12-month low of $141.63 and a 12-month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.06. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm had revenue of $811.70 million during the quarter, compared to analyst estimates of $810.49 million. During the same quarter last year, the business earned $2.73 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a yield of 3.05%. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

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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. 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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