Pacer Advisors Inc. Has $1.45 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Pacer Advisors Inc. cut its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,887 shares of the restaurant operator’s stock after selling 680 shares during the period. Pacer Advisors Inc.’s holdings in Cracker Barrel Old Country Store were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its stake in shares of Cracker Barrel Old Country Store by 29.1% during the third quarter. State of Alaska Department of Revenue now owns 4,274 shares of the restaurant operator’s stock worth $695,000 after purchasing an additional 964 shares during the period. Rowland & Co. Investment Counsel ADV lifted its holdings in Cracker Barrel Old Country Store by 95.9% during the third quarter. Rowland & Co. Investment Counsel ADV now owns 1,773 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 868 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Cracker Barrel Old Country Store by 18.7% during the second quarter. Macquarie Group Ltd. now owns 279,346 shares of the restaurant operator’s stock worth $47,692,000 after acquiring an additional 44,094 shares in the last quarter. Royal Bank of Canada lifted its holdings in Cracker Barrel Old Country Store by 18.9% during the second quarter. Royal Bank of Canada now owns 61,743 shares of the restaurant operator’s stock worth $10,541,000 after acquiring an additional 9,833 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Cracker Barrel Old Country Store by 11.1% during the second quarter. UBS Group AG now owns 42,078 shares of the restaurant operator’s stock worth $7,184,000 after acquiring an additional 4,221 shares in the last quarter. 84.95% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on CBRL. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday. Maxim Group reiterated a “buy” rating and set a $195.00 target price on shares of Cracker Barrel Old Country Store in a report on Tuesday. MKM Partners began coverage on Cracker Barrel Old Country Store in a report on Thursday, September 26th. They set a “neutral” rating and a $160.00 target price on the stock. SunTrust Banks lifted their target price on Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Co lifted their target price on Cracker Barrel Old Country Store from $150.00 to $155.00 and gave the stock a “market perform” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $171.22.

CBRL stock traded up $1.97 during midday trading on Friday, hitting $156.81. 4,901 shares of the company’s stock were exchanged, compared to its average volume of 360,322. The company has a market cap of $3.71 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60. The stock’s fifty day moving average price is $162.53 and its 200-day moving average price is $165.42. Cracker Barrel Old Country Store, Inc. has a one year low of $150.43 and a one year high of $185.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.22 and a current ratio of 0.62.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.27. The company had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. Cracker Barrel Old Country Store had a return on equity of 36.01% and a net margin of 7.27%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.19 earnings per share. On average, analysts expect that Cracker Barrel Old Country Store, Inc. will post 9.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Friday, October 18th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.09%.

In other Cracker Barrel Old Country Store news, CEO Sandra B. Cochran sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $164.04, for a total transaction of $3,280,800.00. Following the transaction, the chief executive officer now owns 153,828 shares of the company’s stock, valued at $25,233,945.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Sardar Biglari sold 68,630 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $170.13, for a total value of $11,676,021.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,637 shares of company stock worth $16,451,534. 0.88% of the stock is owned by company insiders.

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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