Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL)’s share price dropped 1.3% during trading on Friday . The company traded as low as $165.05 and last traded at $165.80, with a volume of 275,208 shares. The stock had previously closed at $167.93.

CBRL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Friday, June 3rd. Maxim Group raised their price objective on shares of Cracker Barrel Old Country Store from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, March 21st. 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 note on Thursday, April 7th. Telsey Advisory Group lowered shares of Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $160.00 to $172.00 in a research note on Thursday, June 2nd. Finally, SunTrust Banks Inc. lifted their target price on shares of Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, June 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $172.60.

The firm’s 50-day moving average price is $164.65 and its 200-day moving average price is $146.92. The firm has a market cap of $3.94 billion and a price-to-earnings ratio of 21.34.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, June 1st. The company reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.02. The business had revenue of $700.10 million for the quarter, compared to the consensus estimate of $705.60 million. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share. Analysts forecast that Cracker Barrel Old Country Store Inc. will post $7.56 earnings per share for the current fiscal year.

The firm 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 dividend of $3.25 per share. This represents a dividend 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 that occurred on Wednesday, June 22nd. The shares were sold at an average price of $168.75, for a total transaction of $101,250.00. Following the completion of the sale, the vice president now directly owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Several large investors have bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 during the period. Dimensional Fund Advisors LP increased its stake 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 during the period. Morgan Stanley increased its stake 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 during the period. Hodges Capital Management Inc. increased its stake in Cracker Barrel Old Country Store by 0.6% in the fourth quarter. Hodges Capital Management Inc. now owns 236,120 shares of the company’s stock worth $29,947,000 after buying an additional 1,438 shares during the period. Finally, First Trust Advisors LP increased its stake 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 during the period.

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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