The Retirement Systems of Alabama invests in 15 by purchasing Cracker Barrel Old Country Store Inc. (CBRL) shares

The Retirement Systems of Alabama invests in 15 by purchasing Cracker Barrel Old Country Store Inc. (CBRL) shares

Retirement Systems of Alabama boosted its position in Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,884 shares of the company’s stock after buying an additional 15 shares during the period. Retirement Systems of Alabama’s holdings in Cracker Barrel Old Country Store were worth $5,296,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CBRL. Aperio Group LLC increased its stake in Cracker Barrel Old Country Store by 261.0% in the first quarter. Aperio Group LLC now owns 9,985 shares of the company’s stock worth $1,524,000 after buying an additional 7,219 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Cracker Barrel Old Country Store by 2.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,950 shares of the company’s stock worth $1,519,000 after buying an additional 250 shares in the last quarter. BlackRock Group LTD increased its stake in Cracker Barrel Old Country Store by 13.7% in the first quarter. BlackRock Group LTD now owns 22,479 shares of the company’s stock worth $3,431,000 after buying an additional 2,711 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in Cracker Barrel Old Country Store by 54.6% in the first quarter. BlackRock Japan Co. Ltd now owns 1,461 shares of the company’s stock worth $223,000 after buying an additional 516 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $792,000. Institutional investors own 86.68% of the company’s stock.

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded down 0.49% on Thursday, hitting $131.89. The stock had a trading volume of 266,626 shares. The firm’s 50 day moving average price is $142.53 and its 200-day moving average price is $153.47. The stock has a market cap of $3.17 billion, a PE ratio of 16.78 and a beta of 0.35. Cracker Barrel Old Country Store Inc. has a 12 month low of $118.01 and a 12 month high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, September 14th. The company reported $2.12 EPS for the quarter, missing the Zacks’ consensus estimate of $2.13 by $0.01. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The business had revenue of $745.60 million for the quarter, compared to analyst estimates of $741.21 million. During the same quarter last year, the business earned $1.97 earnings per share. Cracker Barrel Old Country Store’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Cracker Barrel Old Country Store Inc. will post $8.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Friday, October 14th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Wednesday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 58.45%.

A number of equities research analysts recently commented on CBRL shares. Bank of America Corp. downgraded Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 target price on the stock. in a research report on Monday, July 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Maxim Group decreased their target price on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Telsey Advisory Group decreased their target price on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 30th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and issued a $132.50 target price (down from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $158.93.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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