Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 249.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,518 shares of the restaurant operator’s stock after acquiring an additional 7,512 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Cracker Barrel Old Country Store were worth $1,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $169,000. Itau Unibanco Holding S.A. acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $230,000. Raymond James Trust N.A. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $239,000. Truvestments Capital LLC acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $273,000. Finally, AE Wealth Management LLC lifted its holdings in Cracker Barrel Old Country Store by 34.9% during the 2nd quarter. AE Wealth Management LLC now owns 2,000 shares of the restaurant operator’s stock worth $312,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

NASDAQ:CBRL opened at $174.85 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.63 and a 52-week high of $179.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.84. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.65 and a beta of 0.36.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.69 by ($0.14). The company had revenue of $810.90 million during the quarter, compared to analyst estimates of $824.86 million. Cracker Barrel Old Country Store had a net margin of 8.17% and a return on equity of 35.81%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.23 EPS. On average, analysts expect that Cracker Barrel Old Country Store, Inc. will post 8.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 5th. Stockholders of record on Friday, October 19th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.37%.

Several research analysts have issued reports on the company. BidaskClub downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, August 17th. SunTrust Banks upped their price objective on Cracker Barrel Old Country Store to $134.00 and gave the stock a “hold” rating in a report on Wednesday, September 19th. Telsey Advisory Group reduced their price objective on Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, September 19th. Finally, ValuEngine raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $160.00.

In other news, VP Laura A. Daily sold 2,740 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total value of $398,944.00. Following the transaction, the vice president now owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nicholas V. Flanagan sold 6,000 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $145.81, for a total value of $874,860.00. Following the completion of the transaction, the vice president now directly owns 18,784 shares in the company, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. 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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