Credit Agricole S A Sells 1,600 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

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Credit Agricole S A lessened its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 32.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,400 shares of the restaurant operator’s stock after selling 1,600 shares during the quarter. Credit Agricole S A’s holdings in Cracker Barrel Old Country Store were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBRL. Public Employees Retirement Association of Colorado purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth $121,000. Synovus Financial Corp purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth $121,000. SeaCrest Wealth Management LLC purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth $128,000. Advisory Services Network LLC increased its holdings in Cracker Barrel Old Country Store by 209.1% in the 4th quarter. Advisory Services Network LLC now owns 952 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 644 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cracker Barrel Old Country Store by 51.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock worth $177,000 after acquiring an additional 377 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Shares of CBRL opened at $166.39 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 1.05. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.58. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.75 and a 52-week high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, May 22nd. The restaurant operator reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.08. The firm had revenue of $721.40 million for the quarter, compared to analysts’ expectations of $720.05 million. Cracker Barrel Old Country Store had a net margin of 8.11% and a return on equity of 36.57%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, July 13th will be given a dividend of $1.25 per share. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, July 12th. This represents a $5.00 annualized dividend and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s payout ratio is presently 57.35%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $155.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 10th. Telsey Advisory Group lowered their target price on shares of Cracker Barrel Old Country Store from $175.00 to $165.00 and set a “market perform” rating on the stock in a research note on Monday, June 4th. Finally, ValuEngine cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $162.50.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

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

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