Cracker Barrel Old Country Store, Inc. (CBRL) Shares Bought by Olstein Capital Management L.P.

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Olstein Capital Management L.P. raised its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 64.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,900 shares of the restaurant operator’s stock after buying an additional 10,574 shares during the quarter. Olstein Capital Management L.P.’s holdings in Cracker Barrel Old Country Store were worth $4,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBRL. BlackRock Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,594,003 shares of the restaurant operator’s stock worth $414,678,000 after purchasing an additional 43,316 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Cracker Barrel Old Country Store by 2,122.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 452,822 shares of the restaurant operator’s stock worth $73,182,000 after purchasing an additional 432,447 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Cracker Barrel Old Country Store by 335.4% during the 4th 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 57.1% during the 4th quarter. Bessemer Group Inc. now owns 376,103 shares of the restaurant operator’s stock worth $60,124,000 after purchasing an additional 136,641 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock worth $51,245,000 after purchasing an additional 27,651 shares in the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBRL stock opened at $165.85 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.98 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.85 and a beta of 0.50. Cracker Barrel Old Country Store, Inc. has a one year low of $141.63 and a one year high of $185.00.

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

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s dividend payout ratio is 56.37%.

In related news, major shareholder Sardar Biglari sold 12,130 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $170.02, for a total value of $2,062,342.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.88% of the stock is owned by insiders.

Several brokerages have recently weighed in on CBRL. Maxim Group raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $190.00 in a report on Thursday, April 11th. BidaskClub raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Co decreased their price target on Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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