Menta Capital LLC purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the fourth quarter, Holdings Channel reports. The firm purchased 19,580 shares of the company’s stock, valued at approximately $3,269,000. Menta Capital LLC owned 0.08% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Investment Group LLC bought a new position in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $107,000. Synovus Financial Corp raised its position in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock worth $120,000 after buying an additional 6 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares during the period. Pacad Investment Ltd. raised its position in shares of Cracker Barrel Old Country Store by 16.2% in the fourth quarter. Pacad Investment Ltd. now owns 1,162 shares of the company’s stock worth $194,000 after buying an additional 162 shares during the period. Finally, Elkfork Partners LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $201,000. Institutional investors and hedge funds own 85.69% of the company’s stock.

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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded up 0.78% during mid-day trading on Thursday, hitting $167.55. 320,528 shares of the company traded hands. The firm has a 50 day moving average of $160.38 and a 200 day moving average of $152.93. The firm has a market capitalization of $4.03 billion, a P/E ratio of 20.51 and a beta of 0.40. 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 quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.84 by $0.17. The business had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 6th. Shareholders of record on Friday, January 13th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 56.23%.

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A number of research analysts have issued reports on CBRL shares. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a research report on Wednesday, November 23rd. Maxim Group increased their target price on shares of Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, December 1st. Buckingham Research set a $161.00 target price on shares of Cracker Barrel Old Country Store and gave the stock a “hold” rating in a research report on Tuesday. Finally, Telsey Advisory Group increased their target price on shares of Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $165.39.

In other news, Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $164.50, for a total value of $329,000.00. Following the sale, the director now owns 11,758 shares of the company’s stock, valued at $1,934,191. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Nicholas V. Flanagan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $164.05, for a total transaction of $1,640,500.00. Following the completion of the sale, the vice president now directly owns 12,679 shares in the company, valued at approximately $2,079,989.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,000 shares of company stock worth $6,891,000. Insiders own 1.00% of the company’s stock.

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.

5 Day Chart for NASDAQ:CBRL

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