Signature Wealth Management Group raised its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,704 shares of the restaurant operator’s stock after buying an additional 358 shares during the period. Cracker Barrel Old Country Store comprises approximately 2.0% of Signature Wealth Management Group’s investment portfolio, making the stock its 22nd biggest holding. Signature Wealth Management Group owned approximately 0.07% of Cracker Barrel Old Country Store worth $2,766,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Scout Investments Inc. raised its stake in Cracker Barrel Old Country Store by 0.9% in the second quarter. Scout Investments Inc. now owns 148,151 shares of the restaurant operator’s stock valued at $23,143,000 after buying an additional 1,268 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $1,353,000. Suntrust Banks Inc. raised its stake in Cracker Barrel Old Country Store by 13.6% in the first quarter. Suntrust Banks Inc. now owns 20,555 shares of the restaurant operator’s stock valued at $3,270,000 after buying an additional 2,464 shares during the period. Principal Financial Group Inc. raised its stake in Cracker Barrel Old Country Store by 2.7% in the first quarter. Principal Financial Group Inc. now owns 104,428 shares of the restaurant operator’s stock valued at $16,625,000 after buying an additional 2,770 shares during the period. Finally, Front Row Advisors LLC raised its stake in Cracker Barrel Old Country Store by 5.1% in the first quarter. Front Row Advisors LLC now owns 8,620 shares of the restaurant operator’s stock valued at $1,372,000 after buying an additional 415 shares during the period. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Several analysts have issued reports on CBRL shares. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. ValuEngine upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Maxim Group increased their target price on Cracker Barrel Old Country Store from $160.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, May 17th. Finally, Telsey Advisory Group lowered their target price on Cracker Barrel Old Country Store from $175.00 to $165.00 and set a “market perform” rating on the stock in a research note on Monday, June 4th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $162.50.

Shares of NASDAQ CBRL traded down $2.15 during trading hours on Tuesday, reaching $147.58. 8,058 shares of the stock were exchanged, compared to its average volume of 248,771. The firm has a market cap of $3.61 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. Cracker Barrel Old Country Store, Inc. has a 52 week low of $141.75 and a 52 week high of $179.12.

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 for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.08. The company had revenue of $721.40 million for the quarter, compared to analyst estimates of $720.05 million. Cracker Barrel Old Country Store had a return on equity of 36.57% and a net margin of 8.11%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 earnings per share. analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9.36 EPS for the current 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 paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.39%. 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 (DPR) is 59.74%.

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. 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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