Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) shares saw unusually-high trading volume on Wednesday . Approximately 325,005 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 321,532 shares.The stock last traded at $167.54 and had previously closed at $169.05.

CBRL has been the subject of several recent research reports. Maxim Group increased their price objective on shares of Cracker Barrel Old Country Store from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, March 21st. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. Longbow Research raised shares of Cracker Barrel Old Country Store from a “neutral” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Thursday, April 7th. Telsey Advisory Group downgraded shares of Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $160.00 to $172.00 in a research report on Thursday, June 2nd. Finally, SunTrust Banks Inc. increased their price objective on shares of Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, June 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $172.60.

The firm has a 50-day moving average price of $163.44 and a 200 day moving average price of $146.49. The company has a market cap of $4.00 billion and a PE ratio of 21.67.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.02. During the same period in the prior year, the firm earned $1.49 EPS. The company earned $700.10 million during the quarter, compared to analyst estimates of $705.60 million. Cracker Barrel Old Country Store’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that Cracker Barrel Old Country Store Inc. will post $7.57 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a $3.25 dividend. This represents a yield of 2.8%. The ex-dividend date is Wednesday, July 13th.

In related news, VP Laura A. Daily sold 600 shares of the business’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $168.75, for a total value of $101,250.00. Following the sale, the vice president now owns 6,221 shares of the company’s stock, valued at approximately $1,049,793.75. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A number of institutional investors have bought and sold shares of CBRL. Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store by 11.4% in the fourth quarter. Vanguard Group Inc. now owns 2,220,972 shares of the company’s stock worth $281,686,000 after buying an additional 227,576 shares in the last quarter. Morgan Stanley raised its position in Cracker Barrel Old Country Store by 42.0% in the fourth quarter. Morgan Stanley now owns 285,033 shares of the company’s stock worth $36,151,000 after buying an additional 84,354 shares in the last quarter. First Trust Advisors LP raised its position in Cracker Barrel Old Country Store by 91.1% in the fourth quarter. First Trust Advisors LP now owns 91,496 shares of the company’s stock worth $11,604,000 after buying an additional 43,622 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Cracker Barrel Old Country Store by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 485,765 shares of the company’s stock worth $61,609,000 after buying an additional 41,526 shares in the last quarter. Finally, Krasney Financial LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth approximately $5,063,000.

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

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