Naples Global Advisors LLC Raises Holdings in Cracker Barrel Old Country Store, Inc. (CBRL)

Naples Global Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,695 shares of the restaurant operator’s stock after acquiring an additional 810 shares during the period. Naples Global Advisors LLC’s holdings in Cracker Barrel Old Country Store were worth $1,540,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $100,000. Ffcm LLC lifted its position in Cracker Barrel Old Country Store by 1,317.9% during the third quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 738 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cracker Barrel Old Country Store by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock worth $123,000 after acquiring an additional 61 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $127,000. Finally, Edge Advisors LLC lifted its position in Cracker Barrel Old Country Store by 2,725.7% during the third quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock worth $149,000 after acquiring an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.

Several equities research analysts have issued reports on CBRL shares. SunTrust Banks restated a “hold” rating and set a $136.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Friday, October 20th. Maxim Group reiterated a “hold” rating and issued a $160.00 price target (up from $155.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Longbow Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $161.38.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) traded down $1.81 during midday trading on Friday, hitting $167.51. 413,200 shares of the stock were exchanged, compared to its average volume of 306,125. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store, Inc. has a 52 week low of $141.75 and a 52 week high of $176.01. The firm has a market capitalization of $4,140.00, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.46.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The company had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. During the same period in the previous year, the business earned $2.01 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. research analysts predict that Cracker Barrel Old Country Store, Inc. will post 9.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Friday, January 12th will be given a $1.20 dividend. The ex-dividend date is Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.87%. Cracker Barrel Old Country Store’s payout ratio is 57.90%.

Cracker Barrel Old Country Store declared that its Board of Directors has initiated a share repurchase plan on Friday, September 29th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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About Cracker Barrel Old Country Store

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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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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