Carillon Tower Advisers Inc. lessened its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 68.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,988 shares of the restaurant operator’s stock after selling 55,075 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Cracker Barrel Old Country Store were worth $4,038,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Cracker Barrel Old Country Store by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,594,003 shares of the restaurant operator’s stock worth $414,678,000 after buying an additional 43,316 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Cracker Barrel Old Country Store by 2,122.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 452,822 shares of the restaurant operator’s stock worth $73,182,000 after buying an additional 432,447 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Cracker Barrel Old Country Store by 335.4% during the fourth quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock worth $68,890,000 after buying an additional 331,959 shares during the last quarter. Bessemer Group Inc. increased its holdings in Cracker Barrel Old Country Store by 57.1% during the fourth quarter. Bessemer Group Inc. now owns 376,103 shares of the restaurant operator’s stock worth $60,124,000 after buying an additional 136,641 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Cracker Barrel Old Country Store by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock worth $51,245,000 after buying an additional 27,651 shares during the last quarter. 85.86% of the stock is currently owned by institutional investors and hedge funds.

CBRL has been the topic of a number of recent analyst reports. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $190.00 in a report on Thursday, April 11th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. ValuEngine downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Finally, Argus reiterated a “buy” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $169.82.

In other news, major shareholder Sardar Biglari sold 29,704 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $171.95, for a total value of $5,107,602.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

NASDAQ:CBRL opened at $166.59 on Thursday. Cracker Barrel Old Country Store, Inc. has a one year low of $141.63 and a one year high of $185.00. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.94.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data 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. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm had revenue of $811.70 million for the quarter, compared to the consensus estimate of $810.49 million. During the same period in the previous year, the company earned $2.73 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 8.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 19th were given a $1.25 dividend. The ex-dividend date was Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s payout ratio is presently 56.37%.

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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. 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.

Further Reading: Oversold

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

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