Huntleigh Advisors Inc. Invests $248,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Huntleigh Advisors Inc. acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,393 shares of the restaurant operator's stock, valued at approximately $248,000.

Several other institutional investors also recently modified their holdings of the company. Aviance Capital Partners LLC boosted its holdings in Cracker Barrel Old Country Store by 29.6% in the 1st quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator's stock valued at $1,299,000 after purchasing an additional 7,638 shares during the period. Principal Financial Group Inc. increased its position in Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator's stock worth $4,305,000 after purchasing an additional 3,075 shares in the last quarter. Capital Investment Counsel Inc increased its position in Cracker Barrel Old Country Store by 53.2% in the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock valued at $1,104,000 after acquiring an additional 9,875 shares during the period. Oppenheimer Asset Management Inc. increased its position in Cracker Barrel Old Country Store by 23.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator's stock valued at $537,000 after acquiring an additional 2,661 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Cracker Barrel Old Country Store by 42.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 43,766 shares of the restaurant operator's stock valued at $1,699,000 after acquiring an additional 13,100 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. UBS Group reiterated a "neutral" rating and issued a $60.00 target price (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, June 3rd. Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Finally, Citigroup restated a "sell" rating and set a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $53.86.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL traded down $0.23 during trading hours on Friday, hitting $67.71. The company's stock had a trading volume of 375,573 shares, compared to its average volume of 852,045. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 6.23 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. The business has a 50 day simple moving average of $55.40 and a two-hundred day simple moving average of $51.03. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $68.09.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. During the same period last year, the business earned $0.88 earnings per share. Cracker Barrel Old Country Store's revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.48%. Cracker Barrel Old Country Store's payout ratio is presently 38.76%.

Insider Transactions at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 53,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the completion of the transaction, the insider directly owned 2,833,700 shares in the company, valued at $126,383,020. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 279,407 shares of company stock worth $11,873,864 in the last three months. Insiders own 1.40% of the company's stock.

About Cracker Barrel Old Country Store

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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.