Today, FTB Advisors Inc. Sold shares of Cracker Barrel Old Country Store Inc. (CBRL)

Today, FTB Advisors Inc. Sold shares of Cracker Barrel Old Country Store Inc. (CBRL)

FTB Advisors Inc. reduced its position in shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860 shares of the company’s stock after selling 80 shares during the period. FTB Advisors Inc.’s holdings in Cracker Barrel Old Country Store were worth $147,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Cracker Barrel Old Country Store by 0.7% in the first quarter. State Street Corp now owns 715,326 shares of the company’s stock worth $109,209,000 after buying an additional 4,637 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Cracker Barrel Old Country Store by 2.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 331,418 shares of the company’s stock worth $56,828,000 after buying an additional 6,439 shares during the period. GW&K Investment Management LLC raised its position in shares of Cracker Barrel Old Country Store by 6.7% in the second quarter. GW&K Investment Management LLC now owns 152,515 shares of the company’s stock worth $26,152,000 after buying an additional 9,567 shares during the period. CWM LLC raised its position in shares of Cracker Barrel Old Country Store by 24.1% in the second quarter. CWM LLC now owns 115,083 shares of the company’s stock worth $19,733,000 after buying an additional 22,385 shares during the period. Finally, UBS Group AG raised its position in shares of Cracker Barrel Old Country Store by 18.8% in the first quarter. UBS Group AG now owns 69,825 shares of the company’s stock worth $10,660,000 after buying an additional 11,048 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded up 0.60% during midday trading on Tuesday, hitting $133.30. 97,519 shares of the stock traded hands. Cracker Barrel Old Country Store Inc. has a 1-year low of $118.01 and a 1-year high of $172.89. The company has a market capitalization of $3.20 billion, a P/E ratio of 16.96 and a beta of 0.35. The stock has a 50 day moving average of $140.27 and a 200 day moving average of $153.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 14th. The company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.13 by $0.01. The company earned $745.60 million during the quarter, compared to analyst estimates of $741.21 million. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. Equities research analysts predict that Cracker Barrel Old Country Store Inc. will post $8.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Friday, October 14th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, October 12th. Cracker Barrel Old Country Store’s payout ratio is presently 58.45%.

A number of equities analysts recently issued reports on CBRL shares. Bank of America Corp. lowered shares of 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 lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Maxim Group dropped their target price on shares of 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 dropped their target price on shares of 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. reaffirmed a “market perform” rating and set a $132.50 target price (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price 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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