Cracker Barrel Old Country Store, Inc. (CBRL) Stake Raised by OxFORD Asset Management LLP

OxFORD Asset Management LLP increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 23.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,169 shares of the restaurant operator’s stock after acquiring an additional 8,109 shares during the quarter. OxFORD Asset Management LLP owned 0.18% of Cracker Barrel Old Country Store worth $6,493,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $100,000. Bruderman Asset Management LLC acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cracker Barrel Old Country Store by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 61 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in Cracker Barrel Old Country Store in the second quarter worth approximately $127,000. Finally, Ffcm LLC grew its position in Cracker Barrel Old Country Store by 1,317.9% in the third quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 738 shares in the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

In other Cracker Barrel Old Country Store news, CEO Sandra B. Cochran sold 36,794 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $151.67, for a total value of $5,580,545.98. Following the completion of the sale, the chief executive officer now directly owns 157,591 shares of the company’s stock, valued at approximately $23,901,826.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 2,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $153.39, for a total transaction of $306,780.00. Following the completion of the transaction, the director now owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Several analysts have commented on CBRL shares. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Maxim Group reissued a “hold” rating and issued a $155.00 target price (down from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Bank of America decreased their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a report on Monday, September 11th. Finally, Nomura decreased their price objective on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Thursday, September 14th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $155.25.

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) opened at $162.88 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. The stock has a market cap of $3,740.79, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.70 and a beta of 0.46. Cracker Barrel Old Country Store, Inc. has a 1-year low of $141.75 and a 1-year high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The business had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. During the same period in the prior year, the firm earned $2.01 EPS. Cracker Barrel Old Country Store’s quarterly revenue was up .1% compared to the same quarter last year. analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.63 earnings per share for the current year.

Cracker Barrel Old Country Store declared that its Board of Directors has initiated a share repurchase plan on Friday, September 29th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 0.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Friday, January 12th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 57.90%.

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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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