Trade Report: Today: Assetmark Inc. invests in Cracker Barrel Old Country Store, Inc. (CBRL) Shares

Today: Assetmark Inc. invests in Cracker Barrel Old Country Store, Inc. (CBRL) Shares

Assetmark Inc. boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 632,700.0% during the third quarter, Holdings Channel reports. The fund owned 6,328 shares of the company’s stock after buying an additional 6,327 shares during the period. Assetmark Inc.’s holdings in Cracker Barrel Old Country Store were worth $837,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bellwether Investment Group LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth about $107,000. Synovus Financial Corp raised its stake in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock worth $120,000 after buying an additional 6 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth about $128,000. Public Employees Retirement System of Ohio raised its stake in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares during the last quarter. Finally, Seven Eight Capital LLC raised its stake in shares of Cracker Barrel Old Country Store by 2,052.2% in the second quarter. Seven Eight Capital LLC now owns 990 shares of the company’s stock worth $170,000 after buying an additional 944 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 1.52% during trading on Monday, hitting $161.84. 155,209 shares of the company were exchanged. The company’s 50-day moving average price is $140.97 and its 200 day moving average price is $151.66. Cracker Barrel Old Country Store, Inc. has a 12 month low of $118.01 and a 12 month high of $172.89. The stock has a market cap of $3.89 billion, a P/E ratio of 20.59 and a beta of 0.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.17. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The firm had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. During the same quarter last year, the business earned $1.70 earnings per share. Cracker Barrel Old Country Store’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.23%.

A number of brokerages have issued reports on CBRL. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a research report on Wednesday, November 23rd. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $132.50 price objective (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. Telsey Advisory Group upped their price objective on Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd. Maxim Group cut their price objective 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. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $140.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $162.50.

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). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a 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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