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% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,955 shares of the restaurant operator’s stock after buying an additional 17,765 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of Cracker Barrel Old Country Store worth $13,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Iberiabank Corp boosted its stake in shares of Cracker Barrel Old Country Store by 3.2% in the third quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock worth $1,741,000 after buying an additional 367 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 8.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock worth $711,000 after buying an additional 371 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Cracker Barrel Old Country Store by 2.3% in the third quarter. Arizona State Retirement System now owns 17,044 shares of the restaurant operator’s stock worth $2,508,000 after buying an additional 379 shares during the last quarter. Stevens Capital Management LP boosted its stake in shares of Cracker Barrel Old Country Store by 4.5% in the second quarter. Stevens Capital Management LP now owns 9,189 shares of the restaurant operator’s stock worth $1,435,000 after buying an additional 396 shares during the last quarter. Finally, Callahan Advisors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 3.9% in the third quarter. Callahan Advisors LLC now owns 10,504 shares of the restaurant operator’s stock worth $1,546,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 2,740 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the transaction, the vice president now owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sardar Biglari sold 171,441 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $182.57, for a total value of $31,299,983.37. The disclosure for this sale can be found here. Insiders have sold 423,899 shares of company stock valued at $76,993,830 in the last three months. Insiders own 0.88% of the company’s stock.

A number of equities analysts have issued reports on the company. Telsey Advisory Group increased their price target on Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Gordon Haskett downgraded Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a research report on Wednesday, November 28th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Thursday, November 29th. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Finally, Wells Fargo & Co increased their price target on Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the stock a “market perform” rating in a research report on Monday, November 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $167.59.

Shares of CBRL stock opened at $170.86 on Friday. The company 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. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 0.67. Cracker Barrel Old Country Store, Inc. has a 12-month low of $141.63 and a 12-month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $733.50 million for the quarter, compared to the consensus estimate of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. Cracker Barrel Old Country Store’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 earnings per share. On average, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 8.98 EPS for the current year.

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

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Cracker Barrel Old Country Store 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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