Darrell & King LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 187,994 shares of the restaurant operator’s stock after buying an additional 810 shares during the period. Cracker Barrel Old Country Store makes up approximately 4.7% of Darrell & King LLC’s holdings, making the stock its 14th largest position. Darrell & King LLC’s holdings in Cracker Barrel Old Country Store were worth $31,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBRL. Glen Harbor Capital Management LLC increased its position in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 132 shares during the period. Sigma Planning Corp increased its position in shares of Cracker Barrel Old Country Store by 16.5% in the first quarter. Sigma Planning Corp now owns 3,385 shares of the restaurant operator’s stock valued at $539,000 after buying an additional 480 shares during the period. GW Henssler & Associates Ltd. increased its position in shares of Cracker Barrel Old Country Store by 5.0% in the first quarter. GW Henssler & Associates Ltd. now owns 77,165 shares of the restaurant operator’s stock valued at $12,289,000 after buying an additional 3,657 shares during the period. CAPROCK Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 8.1% in the first quarter. CAPROCK Group Inc. now owns 3,654 shares of the restaurant operator’s stock valued at $582,000 after buying an additional 274 shares during the period. Finally, Navellier & Associates Inc increased its position in shares of Cracker Barrel Old Country Store by 4.9% in the first quarter. Navellier & Associates Inc now owns 4,328 shares of the restaurant operator’s stock valued at $689,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) opened at 152.58 on Thursday. The firm’s 50-day moving average price is $158.31 and its 200 day moving average price is $160.85. The company has a market capitalization of $3.67 billion, a PE ratio of 18.49 and a beta of 0.51. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $1.82 earnings per share. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current year.

The business also recently announced 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 is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $4.80 annualized dividend and a dividend yield of 3.13%. Cracker Barrel Old Country Store’s payout ratio is presently 58.04%.

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Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target on the stock. Nomura assumed coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target on the stock. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated 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 report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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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