JPMorgan Chase & Co. Increases Holdings in Cracker Barrel Old Country Store, Inc. (CBRL)

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JPMorgan Chase & Co. boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,786 shares of the restaurant operator’s stock after acquiring an additional 14,472 shares during the period. JPMorgan Chase & Co. owned about 0.29% of Cracker Barrel Old Country Store worth $11,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Synovus Financial Corp acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $121,000. Advisory Services Network LLC raised its position in shares of Cracker Barrel Old Country Store by 209.1% in the fourth quarter. Advisory Services Network LLC now owns 952 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 644 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cracker Barrel Old Country Store by 51.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 377 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $179,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $211,000. Institutional investors own 88.06% of the company’s stock.

Shares of Cracker Barrel Old Country Store opened at $166.39 on Friday, MarketBeat Ratings reports. Cracker Barrel Old Country Store, Inc. has a one year low of $141.75 and a one year high of $179.12. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.95 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.31 and a beta of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, May 22nd. The restaurant operator reported $2.03 EPS for the quarter, topping the consensus estimate of $1.95 by $0.08. Cracker Barrel Old Country Store had a net margin of 8.11% and a return on equity of 36.57%. The firm had revenue of $721.40 million during the quarter, compared to analyst estimates of $720.05 million. During the same quarter in the prior year, the business posted $1.95 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 9.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Investors of record on Friday, July 13th will be given a dividend of $1.25 per share. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, July 12th. This represents a $5.00 annualized dividend and a yield of 3.00%. Cracker Barrel Old Country Store’s dividend payout ratio is 57.35%.

A number of equities analysts have recently weighed in on CBRL shares. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Bank of America cut their price objective on shares of Cracker Barrel Old Country Store from $155.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, April 10th. Maxim Group boosted their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, May 17th. Finally, Telsey Advisory Group cut their price objective on shares of Cracker Barrel Old Country Store from $175.00 to $165.00 and set a “market perform” rating for the company in a research report on Monday, June 4th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $162.50.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

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

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