JPMorgan Chase & Co. Buys 17,765 Shares of Cracker Barrel Old Country Store, Inc. (CBRL)

JPMorgan Chase & Co. lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,955 shares of the restaurant operator’s stock after purchasing an additional 17,765 shares during the quarter. JPMorgan Chase & Co.’s holdings in Cracker Barrel Old Country Store were worth $13,972,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $169,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $209,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at approximately $230,000. Raymond James Trust N.A. acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $239,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at approximately $273,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Sardar Biglari sold 171,441 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $182.57, for a total transaction of $31,299,983.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $145.81, for a total value of $874,860.00. Following the transaction, the vice president now owns 18,784 shares of the company’s stock, valued at $2,738,895.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 423,899 shares of company stock valued at $76,993,830. 0.88% of the stock is owned by insiders.

Several research firms recently commented on CBRL. BidaskClub cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. SunTrust Banks raised their target price on Cracker Barrel Old Country Store to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, September 19th. ValuEngine raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Telsey Advisory Group cut their target price on Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $167.59.

CBRL stock opened at $170.86 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 0.67. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.40. 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 posted its earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The company had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $5.00 annualized dividend and a yield of 2.93%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 56.37%.

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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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