Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 37.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,146 shares of the restaurant operator’s stock after selling 2,449 shares during the period. Stifel Financial Corp’s holdings in Cracker Barrel Old Country Store were worth $628,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cracker Barrel Old Country Store by 1.2% during the second quarter. Vanguard Group Inc. now owns 2,242,652 shares of the restaurant operator’s stock worth $375,084,000 after buying an additional 26,046 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Cracker Barrel Old Country Store by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock worth $152,421,000 after buying an additional 37,551 shares during the period. State Street Corp boosted its position in shares of Cracker Barrel Old Country Store by 2.9% during the second quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock worth $123,663,000 after buying an additional 20,932 shares during the period. Wells Fargo & Company MN boosted its position in shares of Cracker Barrel Old Country Store by 5.5% during the third quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock worth $111,607,000 after buying an additional 38,517 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cracker Barrel Old Country Store by 8.3% during the third quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock worth $62,997,000 after buying an additional 31,884 shares during the period. Institutional investors own 88.87% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Wednesday. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks reiterated a “hold” rating and set a $163.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, January 3rd. Maxim Group reiterated a “hold” rating and set a $160.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. Finally, Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $161.38.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at $172.23 on Friday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.75 and a twelve month high of $176.01. The company has a market capitalization of $4,194.05, a P/E ratio of 20.78, a P/E/G ratio of 2.07 and a beta of 0.46. 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 (NASDAQ:CBRL) last announced its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm had revenue of $710.40 million for the quarter, compared to analysts’ expectations of $718.85 million. During the same quarter in the previous year, the company earned $2.01 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. analysts expect that Cracker Barrel Old Country Store, Inc. will post 9.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $4.80 annualized dividend and a yield of 2.79%. Cracker Barrel Old Country Store’s payout ratio is 57.90%.

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

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Cracker Barrel Old Country Store Company Profile

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.

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

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