Today, Cracker Barrel Old Country Store, Inc. (CBRL) Stake Boosted by Alta Capital Management LLC

Today, Cracker Barrel Old Country Store, Inc. (CBRL) Stake Boosted by Alta Capital Management LLC

Alta Capital Management LLC raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 40.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,016 shares of the company’s stock after buying an additional 4,288 shares during the period. Alta Capital Management LLC’s holdings in Cracker Barrel Old Country Store were worth $1,985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CBRL. Bellwether Investment Group LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth $107,000. Americafirst Capital Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth $128,000. Public Employees Retirement System of Ohio boosted its position 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 period. Seven Eight Capital LLC boosted its position 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 period. Finally, World Asset Management Inc acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth $200,000. 81.95% of the stock is owned by institutional investors and hedge funds.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 1.67% during trading on Monday, hitting $161.58. 336,213 shares of the company’s stock were exchanged. Cracker Barrel Old Country Store, Inc. has a 1-year low of $118.01 and a 1-year high of $172.89. The firm has a market capitalization of $3.88 billion, a PE ratio of 20.56 and a beta of 0.31. The stock’s 50 day moving average is $141.77 and its 200 day moving average is $151.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 earnings per share 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 business earned $710 million during the quarter, compared to analysts’ expectations of $713.73 million. During the same period last year, the company posted $1.70 EPS. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be paid a dividend of $1.15 per share. 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 56.23%.

Several analysts have commented on CBRL shares. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research note on Wednesday, November 23rd. Wells Fargo & Co. reaffirmed 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 note on Friday, September 16th. Telsey Advisory Group lifted their target price on shares of Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. Maxim Group lowered their target price on shares of Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Finally, Bank of America Corp. reaffirmed a “sell” rating and issued a $140.00 target price on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $162.50.

In other Cracker Barrel Old Country Store news, VP Nicholas V. Flanagan sold 10,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $164.05, for a total value of $1,640,500.00. Following the completion of the sale, the vice president now directly owns 12,679 shares of the company’s stock, valued at approximately $2,079,989.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sandra B. Cochran sold 30,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $164.05, for a total transaction of $4,921,500.00. Following the completion of the sale, the chief operating officer now directly owns 129,895 shares of the company’s stock, valued at $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.

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