GSA Capital Partners LLP acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,841 shares of the restaurant operator’s stock, valued at approximately $810,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Koch Industries Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $232,000. Crawford Investment Counsel Inc. increased its stake in shares of Cracker Barrel Old Country Store by 25.3% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock valued at $16,124,000 after acquiring an additional 19,437 shares during the last quarter. Jensen Investment Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 24.4% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock valued at $649,000 after acquiring an additional 760 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock valued at $63,028,000 after acquiring an additional 11,236 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Cracker Barrel Old Country Store by 3.0% during the 1st quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock valued at $4,905,000 after acquiring an additional 900 shares during the last quarter. 85.76% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Instinet assumed coverage on shares of 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. Nomura assumed coverage on shares of 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, Bank of America Corporation dropped their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a research note on Monday, September 11th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $163.22.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 152.00 on Thursday. The stock has a market cap of $3.66 billion, a PE ratio of 18.16 and a beta of 0.51. The stock’s 50 day moving average price is $148.70 and its 200-day moving average price is $157.74. 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 posted its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The company had revenue of $743.20 million during the quarter, compared to the consensus estimate of $746.72 million. During the same period last year, the business earned $2.12 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.81 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store announced that its board has authorized a share buyback program on Friday, September 29th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 0.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 13th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 57.28%.

In other news, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $153.39, for a total transaction of $306,780.00. Following the completion of the sale, the director now directly owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $151.67, for a total value of $5,580,545.98. Following the sale, the chief executive officer now directly owns 157,591 shares of the company’s stock, valued at $23,901,826.97. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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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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