Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,694 shares of the restaurant operator’s stock after selling 124 shares during the period. Janney Montgomery Scott LLC’s holdings in Cracker Barrel Old Country Store were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan increased its position in Cracker Barrel Old Country Store by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the restaurant operator’s stock worth $758,000 after buying an additional 60 shares during the period. Alpha Windward LLC increased its holdings in shares of Cracker Barrel Old Country Store by 2.5% in the second quarter. Alpha Windward LLC now owns 2,919 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 70 shares during the period. US Bancorp DE increased its holdings in shares of Cracker Barrel Old Country Store by 3.0% in the second quarter. US Bancorp DE now owns 2,392 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 70 shares during the period. 6 Meridian increased its holdings in shares of Cracker Barrel Old Country Store by 2.6% in the second quarter. 6 Meridian now owns 2,916 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 73 shares during the period. Finally, Laffer Investments increased its holdings in shares of Cracker Barrel Old Country Store by 1.8% in the second quarter. Laffer Investments now owns 4,390 shares of the restaurant operator’s stock valued at $750,000 after purchasing an additional 79 shares during the period. 84.64% of the stock is currently owned by institutional investors.

In related news, CEO Sandra B. Cochran sold 20,000 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandra B. Cochran sold 9,007 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $165.95, for a total value of $1,494,711.65. Following the transaction, the chief executive officer now directly owns 153,514 shares in the company, valued at approximately $25,475,648.30. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

CBRL has been the topic of a number of recent research reports. ValuEngine raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Maxim Group reissued a “buy” rating and issued a $195.00 target price on shares of Cracker Barrel Old Country Store in a report on Tuesday, October 15th. MKM Partners initiated coverage on Cracker Barrel Old Country Store in a report on Thursday, September 26th. They issued a “neutral” rating and a $160.00 target price on the stock. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Co boosted their target price on Cracker Barrel Old Country Store from $155.00 to $157.00 and gave the company a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $174.25.

NASDAQ:CBRL opened at $165.36 on Friday. The firm has a market cap of $3.88 billion, a P/E ratio of 17.84, a PEG ratio of 1.72 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.22 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $160.33 and its 200-day simple moving average is $165.87. Cracker Barrel Old Country Store, Inc. has a 12-month low of $150.43 and a 12-month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.27. Cracker Barrel Old Country Store had a return on equity of 36.01% and a net margin of 7.27%. The firm had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. During the same quarter in the prior year, the company posted $2.19 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, October 18th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.09%.

About Cracker Barrel Old Country Store

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.

Recommended Story: What are earnings reports?

Want to see what other hedge funds are holding CBRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL).

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.