Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) by 44.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the company’s stock after selling 4,450 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Cracker Barrel Old Country Store were worth $943,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its position in Cracker Barrel Old Country Store by 24.1% in the second quarter. CWM LLC now owns 115,083 shares of the company’s stock valued at $19,733,000 after buying an additional 22,385 shares during the period. Nuveen Asset Management LLC increased its position in shares of Cracker Barrel Old Country Store by 5.2% in the first quarter. Nuveen Asset Management LLC now owns 29,430 shares of the company’s stock valued at $4,493,000 after buying an additional 1,452 shares in the last quarter. DIAM Co. Ltd. increased its position in shares of Cracker Barrel Old Country Store by 499.9% in the second quarter. DIAM Co. Ltd. now owns 9,376 shares of the company’s stock valued at $1,606,000 after buying an additional 7,813 shares in the last quarter. Boston Advisors LLC increased its position in shares of Cracker Barrel Old Country Store by 304.0% in the first quarter. Boston Advisors LLC now owns 6,985 shares of the company’s stock valued at $1,066,000 after buying an additional 5,256 shares in the last quarter. Finally, Apex Capital Management acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $15,916,000. 86.96% of the stock is owned by institutional investors.

Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded down 0.04% during midday trading on Friday, hitting $140.15. The stock had a trading volume of 568,571 shares. The stock has a 50-day moving average of $156.26 and a 200 day moving average of $155.73. The stock has a market cap of $3.36 billion, a PE ratio of 17.83 and a beta of 0.38. Cracker Barrel Old Country Store Inc. has a 52 week low of $118.01 and a 52 week high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by $0.01. Cracker Barrel Old Country Store had a return on equity of 33.11% and a net margin of 6.50%. The business earned $745.60 million during the quarter, compared to analyst estimates of $741.21 million. During the same period last year, the company earned $1.97 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that Cracker Barrel Old Country Store Inc. will post $8.15 EPS for the current fiscal year.

Several equities analysts have recently issued reports on CBRL shares. Telsey Advisory Group reduced their price objective on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating for the company in a research report on Tuesday, August 30th. Wells Fargo & Co. reiterated a “market perform” rating and set a $132.50 price objective (down from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday. Bank of America Corp. downgraded Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price objective for the company. in a research report on Monday, July 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Friday, June 3rd. Finally, Maxim Group reduced their price objective on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $158.93.

In related news, VP Laura A. Daily sold 600 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $168.75, for a total value of $101,250.00. Following the completion of the transaction, the vice president now owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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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