Advantus Capital Management Inc raised its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 3,099 shares of the restaurant operator’s stock after buying an additional 100 shares during the period. Advantus Capital Management Inc’s holdings in Cracker Barrel Old Country Store were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of 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 in the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Cracker Barrel Old Country Store by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 398,459 shares of the restaurant operator’s stock valued at $63,455,000 after buying an additional 42,022 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Cracker Barrel Old Country Store by 338.6% in the first quarter. Schroder Investment Management Group now owns 243,160 shares of the restaurant operator’s stock valued at $38,801,000 after buying an additional 187,718 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 9.5% in the fourth quarter. AQR Capital Management LLC now owns 232,735 shares of the restaurant operator’s stock valued at $38,862,000 after buying an additional 20,118 shares in the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (CBRL) traded down 0.7111% during mid-day trading on Tuesday, reaching $164.8195. 32,738 shares of the company were exchanged. The company has a 50 day moving average of $164.34 and a 200-day moving average of $162.40. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.9781 and a beta of 0.51. Cracker Barrel Old Country Store, Inc. has a 1-year low of $130.15 and a 1-year high of $175.04.

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

The company 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. This represents a $4.80 annualized dividend and a yield of 2.89%. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 12th. Cracker Barrel Old Country Store’s payout ratio is presently 55.62%.

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CBRL has been the topic of several recent research reports. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Wells Fargo & Co restated a “market perform” rating and set a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Finally, Maxim Group restated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $167.86.

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.

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