30,534 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Acquired by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management acquired 30,534 Cracker Barrel shares worth approximately $858,000, while institutional investors collectively owned 96.01% of the company.
• Cracker Barrel shares rose 1.9% to $59.04, near the top of their 52-week range. The company beat quarterly earnings and revenue expectations, reporting $0.29 EPS on $797.37 million in revenue, though revenue declined 2.9% year over year.
• The company paid a quarterly dividend of $0.25, equivalent to a $1.00 annualized payout and a 1.7% yield. Analysts maintained a consensus “Hold” rating with an average price target of $48.14.

Quantinno Capital Management LP purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,534 shares of the restaurant operator's stock, valued at approximately $858,000. Quantinno Capital Management LP owned about 0.14% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at $281,000. Entropy Technologies LP acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $494,000. TCM Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 14.9% in the first quarter. TCM Advisors LLC now owns 12,318 shares of the restaurant operator's stock valued at $346,000 after buying an additional 1,600 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Cracker Barrel Old Country Store by 4.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 111,000 shares of the restaurant operator's stock valued at $3,120,000 after acquiring an additional 4,600 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $432,000. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Up 1.9%

Shares of NASDAQ CBRL opened at $59.04 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $63.15. The firm's 50 day simple moving average is $51.98 and its two-hundred day simple moving average is $38.09. The stock has a market capitalization of $1.32 billion, a P/E ratio of 50.90 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th were given a $0.25 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Cracker Barrel Old Country Store's payout ratio is presently 86.21%.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent research reports. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a report on Saturday, June 13th. Weiss Ratings upgraded Cracker Barrel Old Country Store from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Argus increased their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, June 11th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Finally, Bank of America lifted their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $48.14.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

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