Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its price objective upped by Telsey Advisory Group from $150.00 to $170.00 in a research report released on Wednesday morning. Telsey Advisory Group currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Tuesday, November 15th. Maxim Group boosted their target price on shares of Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, November 15th. Wells Fargo & Co. reissued a market perform rating and issued a $132.50 target price (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. Finally, Bank of America Corp. reissued a sell rating and issued a $140.00 target price on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $162.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 161.58 on Wednesday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 20.56 and a beta of 0.31. The stock has a 50 day moving average of $141.77 and a 200 day moving average of $151.78. Cracker Barrel Old Country Store has a 1-year low of $118.01 and a 1-year high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.84 by $0.17. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The business had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. During the same period in the previous year, the firm earned $1.70 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Cracker Barrel Old Country Store will post $8.23 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.23%.

In other news, Director Andrea Weiss sold 2,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $164.50, for a total transaction of $329,000.00. Following the completion of the transaction, the director now owns 11,758 shares of the company’s stock, valued at approximately $1,934,191. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Nicholas V. Flanagan sold 10,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $164.05, for a total transaction of $1,640,500.00. Following the transaction, the vice president now directly owns 12,679 shares of the company’s stock, valued at approximately $2,079,989.95. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp increased its stake in Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock worth $120,000 after buying an additional 6 shares during the period. BB&T Securities LLC increased its stake in Cracker Barrel Old Country Store by 1.3% in the second quarter. BB&T Securities LLC now owns 1,670 shares of the company’s stock worth $286,000 after buying an additional 21 shares during the period. Eaton Vance Management increased its stake in Cracker Barrel Old Country Store by 0.6% in the second quarter. Eaton Vance Management now owns 4,339 shares of the company’s stock worth $744,000 after buying an additional 25 shares during the period. Jensen Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 1.8% in the second quarter. Jensen Investment Management Inc. now owns 2,760 shares of the company’s stock worth $473,000 after buying an additional 50 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares during the period. 81.95% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:CBRL

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