Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $153.39, for a total value of $306,780.00. Following the completion of the sale, the director now owns 11,758 shares of the company’s stock, valued at $1,803,559.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 147.13 on Thursday. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 17.83 and a beta of 0.52. The stock has a 50 day moving average price of $149.76 and a 200 day moving average price of $158.57.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.05. The company had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $2.12 EPS. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. Intl Fcstone Inc. bought a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter worth $219,000. Public Employees Retirement System of Ohio boosted its position in shares of Cracker Barrel Old Country Store by 8.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,117 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 88 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,853 shares of the restaurant operator’s stock worth $1,481,000 after purchasing an additional 107 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 127.7% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,692 shares of the restaurant operator’s stock worth $952,000 after purchasing an additional 3,192 shares during the last quarter. Finally, Scotia Capital Inc. boosted its position in shares of Cracker Barrel Old Country Store by 14.4% in the 2nd quarter. Scotia Capital Inc. now owns 8,411 shares of the restaurant operator’s stock worth $1,407,000 after purchasing an additional 1,059 shares during the last quarter. 85.80% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on CBRL shares. Wells Fargo & Company reiterated a “market perform” rating and issued a $156.00 price target (down from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. 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 objective for the company. 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 objective for the company. Finally, Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $163.22.

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.

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