Profund Advisors LLC Acquires 274 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Profund Advisors LLC increased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,798 shares of the restaurant operator’s stock after purchasing an additional 274 shares during the quarter. Profund Advisors LLC’s holdings in Cracker Barrel Old Country Store were worth $478,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock worth $51,245,000 after acquiring an additional 27,651 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Cracker Barrel Old Country Store by 237.1% during the first quarter. SG Americas Securities LLC now owns 3,580 shares of the restaurant operator’s stock worth $579,000 after purchasing an additional 2,518 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Cracker Barrel Old Country Store by 30.2% during the first quarter. Victory Capital Management Inc. now owns 1,200 shares of the restaurant operator’s stock worth $194,000 after purchasing an additional 278 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Cracker Barrel Old Country Store by 21.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 5,756 shares of the restaurant operator’s stock worth $930,000 after purchasing an additional 1,000 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Cracker Barrel Old Country Store by 7.0% during the first quarter. California Public Employees Retirement System now owns 44,320 shares of the restaurant operator’s stock worth $7,163,000 after purchasing an additional 2,894 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Shares of CBRL traded up $1.65 during trading hours on Thursday, reaching $167.11. 14,052 shares of the company traded hands, compared to its average volume of 329,985. The company has a quick ratio of 0.57, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.96 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $142.17 and a fifty-two week high of $185.00. The stock has a fifty day simple moving average of $166.40 and a 200 day simple moving average of $165.01.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, September 17th. The restaurant operator reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.27. The business had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.19 earnings per share. Research analysts predict that Cracker Barrel Old Country Store, Inc. will post 9.38 EPS for the current fiscal year.

Cracker Barrel Old Country Store announced that its board has approved a share repurchase plan on Tuesday, June 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have recently commented on CBRL shares. ValuEngine cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks upped their target price on Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Co upped their target price on Cracker Barrel Old Country Store from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday. Maxim Group set a $195.00 target price on Cracker Barrel Old Country Store and gave the company a “buy” rating in a report on Sunday. Finally, BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $172.82.

In related news, major shareholder Sardar Biglari sold 240,187 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $170.82, for a total transaction of $41,028,743.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 999,601 shares of company stock worth $171,537,766. Corporate insiders own 0.88% of the company’s stock.

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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