HL Financial Services LLC reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,010 shares of the restaurant operator’s stock after selling 8 shares during the period. HL Financial Services LLC’s holdings in Cracker Barrel Old Country Store were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRL. BlackRock Inc. boosted its position in 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 valued at $358,755,000 after buying an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 valued at $352,995,000 after buying an additional 294,756 shares during the last quarter. Schroder Investment Management Group boosted its position in 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 during the last quarter. AQR Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 77.7% in the first quarter. AQR Capital Management LLC now owns 413,559 shares of the restaurant operator’s stock valued at $65,859,000 after buying an additional 180,824 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in Cracker Barrel Old Country Store by 1,707.6% in the first quarter. Gotham Asset Management LLC now owns 75,252 shares of the restaurant operator’s stock valued at $11,984,000 after buying an additional 71,089 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 152.51 on Friday. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.49 and a beta of 0.51. The firm has a 50-day moving average price of $159.38 and a 200-day moving average price of $160.96. 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 posted its quarterly 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 firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $713.06 million. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. Cracker Barrel Old Country Store’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.15%. 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 was Wednesday, July 12th. Cracker Barrel Old Country Store’s payout ratio is presently 58.04%.

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A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Maxim Group restated a “hold” rating and issued a $170.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Nomura assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target for the company. Finally, Instinet assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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