Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) shares were down 2.1% during mid-day trading on Tuesday . The stock traded as low as $156.56 and last traded at $157.51, with a volume of 211,415 shares traded. The stock had previously closed at $160.95.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Friday, June 3rd. Telsey Advisory Group cut Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $160.00 to $172.00 in a research report on Thursday, June 2nd. Bank of America Corp. cut Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price objective on the stock. in a research report on Monday, July 11th. They noted that the move was a valuation call. Longbow Research raised Cracker Barrel Old Country Store from a “neutral” rating to a “buy” rating and set a $187.00 price objective on the stock in a research report on Thursday, April 7th. Finally, SunTrust Banks Inc. lifted their price objective on 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $167.17.

The stock’s 50 day moving average is $164.97 and its 200 day moving average is $149.80. The firm has a market cap of $3.76 billion and a P/E ratio of 20.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, June 1st. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.02. During the same period in the previous year, the company posted $1.49 EPS. The company earned $700.10 million during the quarter, compared to analysts’ expectations of $705.60 million. Cracker Barrel Old Country Store’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts forecast that Cracker Barrel Old Country Store Inc. will post $7.56 earnings per share for the current fiscal year.

The business also recently announced 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 of this dividend is Wednesday, July 13th.

In related news, VP Laura A. Daily sold 600 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through this link.

Several hedge funds and institutional investors have modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Cracker Barrel Old Country Store by 32.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,046 shares of the company’s stock worth $1,021,000 after buying an additional 1,988 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Cracker Barrel Old Country Store by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 10,373 shares of the company’s stock worth $1,316,000 after buying an additional 90 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Cracker Barrel Old Country Store by 97.1% in the fourth quarter. Suntrust Banks Inc. now owns 12,905 shares of the company’s stock worth $1,635,000 after buying an additional 6,357 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Cracker Barrel Old Country Store by 1.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 13,946 shares of the company’s stock worth $1,769,000 after buying an additional 186 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 15,434 shares of the company’s stock worth $1,956,000 after buying an additional 5,238 shares in the last quarter.

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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