Truvestments Capital LLC bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,745 shares of the restaurant operator’s stock, valued at approximately $273,000.

A number of other hedge funds have also added to or reduced their stakes in CBRL. BlackRock Inc. grew its stake in shares of Cracker Barrel Old Country Store by 5.3% during the 2nd quarter. BlackRock Inc. now owns 2,513,796 shares of the restaurant operator’s stock worth $392,679,000 after purchasing an additional 127,574 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 1,039.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 692,385 shares of the restaurant operator’s stock worth $7,630,000 after purchasing an additional 631,635 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cracker Barrel Old Country Store by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 452,109 shares of the restaurant operator’s stock worth $70,626,000 after purchasing an additional 3,516 shares during the period. Morgan Stanley grew its stake in shares of Cracker Barrel Old Country Store by 30.1% during the 2nd quarter. Morgan Stanley now owns 319,596 shares of the restaurant operator’s stock worth $49,923,000 after purchasing an additional 74,028 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 273,583 shares of the restaurant operator’s stock worth $42,737,000 after purchasing an additional 17,412 shares during the period. Hedge funds and other institutional investors own 87.45% of the company’s stock.

CBRL has been the topic of a number of recent analyst reports. ValuEngine raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. BidaskClub cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Maxim Group raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price objective for the company from $170.00 to $187.00 in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, SunTrust Banks decreased their price target on shares of Cracker Barrel Old Country Store to $146.00 and set a “positive” rating on the stock in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $158.00.

In other news, VP Nicholas V. Flanagan sold 6,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now owns 18,784 shares in the company, valued at $2,738,895.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laura A. Daily sold 2,740 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the sale, the vice president now owns 11,392 shares in the company, valued at approximately $1,658,675.20. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Shares of CBRL stock traded up $0.47 during trading hours on Friday, hitting $150.31. 436,220 shares of the company were exchanged, compared to its average volume of 330,078. The firm has a market cap of $3.53 billion, a P/E ratio of 16.95, a PEG ratio of 2.29 and a beta of 0.58. Cracker Barrel Old Country Store, Inc. has a 1 year low of $141.63 and a 1 year high of $179.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.84 and a quick ratio of 0.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.14). Cracker Barrel Old Country Store had a return on equity of 35.81% and a net margin of 8.17%. The company had revenue of $810.90 million for the quarter, compared to analysts’ expectations of $824.86 million. During the same quarter in the previous year, the company earned $2.23 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 8.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, October 19th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $5.00 annualized dividend and a yield of 3.33%. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

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: Average Daily Trade Volume Explained

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

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