Prudential Financial Inc. boosted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,264 shares of the restaurant operator’s stock after purchasing an additional 356 shares during the period. Prudential Financial Inc. owned approximately 0.07% of Cracker Barrel Old Country Store worth $2,720,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CBRL. Russell Investments Group Ltd. grew its position in Cracker Barrel Old Country Store by 884.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,812 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 1,628 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Cracker Barrel Old Country Store by 4.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 13,827 shares of the restaurant operator’s stock worth $2,201,000 after purchasing an additional 548 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Cracker Barrel Old Country Store by 39.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,602 shares of the restaurant operator’s stock worth $1,688,000 after purchasing an additional 2,990 shares during the last quarter. US Bancorp DE grew its position in Cracker Barrel Old Country Store by 2.0% during the 1st quarter. US Bancorp DE now owns 2,515 shares of the restaurant operator’s stock worth $400,000 after purchasing an additional 49 shares during the last quarter. Finally, Swiss National Bank grew its position in Cracker Barrel Old Country Store by 2.6% during the 1st quarter. Swiss National Bank now owns 31,850 shares of the restaurant operator’s stock worth $5,072,000 after purchasing an additional 800 shares during the last quarter. 85.80% of the stock is currently owned by institutional investors.

In other Cracker Barrel Old Country Store news, Director Andrea Weiss sold 2,000 shares of the 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 transaction, the director now directly owns 11,758 shares in the company, valued at $1,803,559.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the transaction, the chief executive officer now owns 157,591 shares in the company, valued at $23,901,826.97. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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Shares of Cracker Barrel Old Country Store, Inc. (CBRL) opened at 147.73 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $130.15 and a 52 week high of $175.04. The firm’s 50-day moving average is $149.76 and its 200 day moving average is $158.57. The firm has a market capitalization of $3.55 billion, a PE ratio of 17.65 and a beta of 0.52.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly 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 for the quarter, compared to analyst estimates of $746.72 million. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 earnings per share. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.81 earnings per share for the current year.

Several research firms have weighed in on CBRL. Instinet reissued a “neutral” rating and set a $158.00 target price (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Bank of America Corporation dropped their target price on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating on the stock in a research report on Monday, September 11th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Nomura dropped their target price on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $163.22.

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.

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

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