Cracker Barrel Old Country Store, Inc. (CBRL) Holdings Reduced by JLB & Associates Inc.

JLB & Associates Inc. decreased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 51,620 shares of the restaurant operator’s stock after selling 534 shares during the period. Cracker Barrel Old Country Store accounts for about 1.8% of JLB & Associates Inc.’s portfolio, making the stock its 27th largest position. JLB & Associates Inc. owned 0.21% of Cracker Barrel Old Country Store worth $8,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Cracker Barrel Old Country Store by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 427,805 shares of the restaurant operator’s stock valued at $62,944,000 after buying an additional 12,007 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Cracker Barrel Old Country Store by 12.9% during the 3rd quarter. Martingale Asset Management L P now owns 38,607 shares of the restaurant operator’s stock valued at $5,681,000 after buying an additional 4,401 shares in the last quarter. FMR LLC bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at about $144,000. JPMorgan Chase & Co. lifted its holdings in Cracker Barrel Old Country Store by 23.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,955 shares of the restaurant operator’s stock valued at $13,972,000 after buying an additional 17,765 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at about $12,084,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CBRL traded down $0.24 during trading hours on Friday, hitting $163.70. 278,936 shares of the company were exchanged, compared to its average volume of 376,023. The company has a market cap of $3.94 billion, a PE ratio of 18.46, a P/E/G ratio of 1.89 and a beta of 0.50. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.63 and a 52-week high of $185.00. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.06. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The company had revenue of $811.70 million for the quarter, compared to the consensus estimate of $810.49 million. During the same quarter in the previous year, the firm earned $2.73 EPS. Cracker Barrel Old Country Store’s revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 19th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 2,520 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total transaction of $428,148.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.88% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Maxim Group reiterated a “hold” rating and set a $180.00 price objective (up previously from $175.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, February 19th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Monday, February 18th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. ValuEngine downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Wells Fargo & Co dropped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $169.82.

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About Cracker Barrel Old Country Store

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.

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

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