Robeco Institutional Asset Management B.V. Has $73.18 Million Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Robeco Institutional Asset Management B.V. grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2,122.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,822 shares of the restaurant operator’s stock after purchasing an additional 432,447 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 1.88% of Cracker Barrel Old Country Store worth $73,182,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Two Sigma Advisers LP lifted its stake in Cracker Barrel Old Country Store by 335.4% in the fourth quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock worth $68,890,000 after purchasing an additional 331,959 shares during the last quarter. Norges Bank bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $30,458,000. Macquarie Group Ltd. bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $24,365,000. Bessemer Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 57.1% during the fourth quarter. Bessemer Group Inc. now owns 376,103 shares of the restaurant operator’s stock valued at $60,124,000 after acquiring an additional 136,641 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Cracker Barrel Old Country Store by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,594,003 shares of the restaurant operator’s stock valued at $414,678,000 after acquiring an additional 43,316 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Several brokerages recently issued reports on CBRL. Maxim Group raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $190.00 in a report on Thursday, April 11th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Wells Fargo & Co cut their price target 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 report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $169.82.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 2,520 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total value of $428,148.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.

Shares of CBRL traded down $3.51 during trading hours on Wednesday, reaching $158.29. 560,711 shares of the company traded hands, compared to its average volume of 379,056. The firm has a market capitalization of $3.81 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. Cracker Barrel Old Country Store, Inc. has a 12-month low of $141.63 and a 12-month high of $185.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.06. The company had revenue of $811.70 million during the quarter, compared to the consensus estimate of $810.49 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm’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 earnings per share. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 19th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.16%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.37%.

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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.

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

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