Beacon Financial Group raised its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,433 shares of the restaurant operator’s stock after buying an additional 107 shares during the period. Beacon Financial Group’s holdings in Cracker Barrel Old Country Store were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its position in Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after buying an additional 2,240,854 shares during the period. Vanguard Group Inc. increased its position in Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock valued at $352,995,000 after buying an additional 294,756 shares during the period. Ameriprise Financial Inc. increased its position in Cracker Barrel Old Country Store by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 868,792 shares of the restaurant operator’s stock valued at $137,750,000 after buying an additional 60,537 shares during the period. State Street Corp increased its position in Cracker Barrel Old Country Store by 2.9% in the first quarter. State Street Corp now owns 718,487 shares of the restaurant operator’s stock valued at $114,425,000 after buying an additional 20,109 shares during the period. Finally, Wells Fargo & Company MN increased its position in Cracker Barrel Old Country Store by 5.9% in the first quarter. Wells Fargo & Company MN now owns 672,060 shares of the restaurant operator’s stock valued at $107,026,000 after buying an additional 37,644 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 0.10% during midday trading on Wednesday, reaching $155.75. The company’s stock had a trading volume of 218,635 shares. The company has a 50 day moving average price of $161.96 and a 200 day moving average price of $161.31. Cracker Barrel Old Country Store, Inc. has a 1-year low of $130.15 and a 1-year high of $175.04. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 18.88 and a beta of 0.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.10. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $713.06 million. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. On average, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.08%. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 58.04%.

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Several research firms have recently weighed in on CBRL. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Instinet initiated coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price objective on the stock. Nomura initiated coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price objective on the stock. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $156.00 price objective (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $165.78.

Cracker Barrel Old Country Store Company Profile

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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Publish date : 2 August 2017 | 10:51 pm

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