Captrust Financial Advisors Has $484,000 Position in Cracker Barrel Old Country Store, Inc. (CBRL)

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Captrust Financial Advisors reduced its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,025 shares of the restaurant operator’s stock after selling 140 shares during the quarter. Captrust Financial Advisors’ holdings in Cracker Barrel Old Country Store were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Chemical Bank increased its position in Cracker Barrel Old Country Store by 4.1% in the 4th quarter. Chemical Bank now owns 1,528 shares of the restaurant operator’s stock valued at $244,000 after acquiring an additional 60 shares during the period. Comerica Bank increased its position in Cracker Barrel Old Country Store by 0.6% in the 4th quarter. Comerica Bank now owns 12,250 shares of the restaurant operator’s stock valued at $2,070,000 after acquiring an additional 71 shares during the period. IFG Advisory LLC increased its position in Cracker Barrel Old Country Store by 4.3% in the 4th quarter. IFG Advisory LLC now owns 3,328 shares of the restaurant operator’s stock valued at $532,000 after acquiring an additional 136 shares during the period. Retirement Systems of Alabama increased its position in Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 31,162 shares of the restaurant operator’s stock valued at $4,982,000 after acquiring an additional 142 shares during the period. Finally, Doyle Wealth Management acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Shares of NASDAQ CBRL opened at $156.04 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.94. The firm has a market capitalization of $3.73 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.72 and a beta of 0.49. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.63 and a 52-week high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.02. The business had revenue of $811.70 million for the quarter, compared to analysts’ expectations of $810.49 million. Cracker Barrel Old Country Store had a return on equity of 34.20% and a net margin of 7.09%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 9.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 19th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 17th. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

Several brokerages have recently issued reports on CBRL. Zacks Investment Research cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. BidaskClub cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Wells Fargo & Co lowered their price target on Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 27th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Thursday, November 29th. Finally, Maxim Group cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $166.09.

In related news, major shareholder Sardar Biglari sold 3,300 shares of Cracker Barrel Old Country Store stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $169.12, for a total value of $558,096.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 788,967 shares of company stock worth $133,875,092 over the last 90 days. Insiders own 0.88% of the company’s stock.

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Cracker Barrel Old Country Store Company Profile

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

Further Reading: Benefits of owning preferred stock

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

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