First Manhattan Co. held its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the restaurant operator’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Cracker Barrel Old Country Store were worth $334,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CBRL. BlackRock Inc. raised its stake in shares of Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock worth $358,755,000 after buying an additional 2,240,854 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock worth $352,995,000 after buying an additional 294,756 shares in the last quarter. Ameriprise Financial Inc. raised 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 worth $137,750,000 after buying an additional 60,537 shares in the last quarter. State Street Corp raised its stake in shares of Cracker Barrel Old Country Store by 2.9% in the first quarter. State Street Corp now owns 718,487 shares of the restaurant operator’s stock worth $114,425,000 after buying an additional 20,109 shares in the last quarter. Finally, Wells Fargo & Company MN raised 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 worth $107,026,000 after buying an additional 37,644 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 151.50 on Thursday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 18.36 and a beta of 0.51. The stock’s 50 day moving average price is $160.02 and its 200 day moving average price is $161.06. Cracker Barrel Old Country Store, Inc. has a 52 week low of $130.15 and a 52 week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $713.06 million. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, July 12th. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio is 58.04%.

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CBRL has been the topic of several research analyst reports. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Nomura initiated coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target on the stock. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Instinet initiated coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target on the stock. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $165.78.

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

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