Today, CIBC World Markets Inc. Sold shares of Cracker Barrel Old Country Store, Inc. (CBRL)

Today, CIBC World Markets Inc. Sold shares of Cracker Barrel Old Country Store, Inc. (CBRL)

CIBC World Markets Inc. lowered its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 20,652 shares of the company’s stock after selling 157 shares during the period. CIBC World Markets Inc.’s holdings in Cracker Barrel Old Country Store were worth $2,731,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Cracker Barrel Old Country Store by 5.5% in the second quarter. BlackRock Fund Advisors now owns 1,112,755 shares of the company’s stock worth $190,804,000 after buying an additional 57,987 shares during the period. State Street Corp increased its stake in Cracker Barrel Old Country Store by 0.4% in the second quarter. State Street Corp now owns 718,388 shares of the company’s stock worth $123,188,000 after buying an additional 3,062 shares during the period. Ameriprise Financial Inc. increased its stake in Cracker Barrel Old Country Store by 12.7% in the second quarter. Ameriprise Financial Inc. now owns 592,721 shares of the company’s stock worth $102,903,000 after buying an additional 66,896 shares during the period. FMR LLC increased its stake in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock worth $62,836,000 after buying an additional 81,955 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Cracker Barrel Old Country Store by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 340,574 shares of the company’s stock worth $45,030,000 after buying an additional 2,781 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 1.67% on Monday, hitting $161.58. The stock had a trading volume of 336,213 shares. The firm’s 50-day moving average is $141.77 and its 200-day moving average is $151.78. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 20.56 and a beta of 0.31. Cracker Barrel Old Country Store, Inc. has a one year low of $118.01 and a one year high of $172.89.

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

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

A number of equities research analysts recently commented on CBRL shares. Maxim Group decreased their target price on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 15th. Telsey Advisory Group decreased their price target on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a report on Thursday, September 15th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $162.50.

In related news, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $164.50, for a total transaction of $329,000.00. Following the transaction, the director now owns 11,758 shares in the company, valued at approximately $1,934,191. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Sandra B. Cochran sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $164.05, for a total value of $4,921,500.00. Following the transaction, the chief operating officer now owns 129,895 shares in the company, valued at approximately $21,309,274.75. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.

Related posts

Leave a Comment