Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stake Raised by State Street Corp

State Street Corp raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 718,487 shares of the restaurant operator’s stock after buying an additional 20,109 shares during the period. State Street Corp’s holdings in Cracker Barrel Old Country Store were worth $114,425,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBRL. FMR LLC purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $13,709,000. Guggenheim Capital LLC boosted its position in shares of Cracker Barrel Old Country Store by 48.0% in the fourth quarter. Guggenheim Capital LLC now owns 5,301 shares of the restaurant operator’s stock worth $885,000 after buying an additional 1,720 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Cracker Barrel Old Country Store by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,120 shares of the restaurant operator’s stock worth $688,000 after buying an additional 380 shares during the period. Norges Bank purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $34,415,000. Finally, Quadrature Capital Ltd boosted its position in shares of Cracker Barrel Old Country Store by 23.1% in the fourth quarter. Quadrature Capital Ltd now owns 15,881 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 2,981 shares during the period. Institutional investors and hedge funds own 89.24% of the company’s stock.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 165.38 on Monday. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04. The company’s 50-day moving average price is $164.73 and its 200-day moving average price is $162.31. The stock has a market capitalization of $3.98 billion, a PE ratio of 20.05 and a beta of 0.52.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be given a $1.20 dividend. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 12th. This represents a $4.80 annualized dividend and a dividend yield of 2.90%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.62%.

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A number of brokerages recently commented on CBRL. Wells Fargo & Company restated a “market perform” rating and set a $156.00 target price (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 report on Friday, June 30th. Maxim Group restated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $167.86.

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

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