Teachers Advisors LLC boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,375 shares of the restaurant operator’s stock after acquiring an additional 1,128 shares during the quarter. Teachers Advisors LLC owned about 0.14% of Cracker Barrel Old Country Store worth $5,749,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cracker Barrel Old Country Store by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock worth $123,000 after acquiring an additional 61 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Cracker Barrel Old Country Store during the first quarter worth $127,000. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 4.7% during the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 46 shares during the last quarter. Blair William & Co. IL acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth $201,000. Finally, Syntal Capital Partners LLC acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth $213,000. 85.62% of the stock is owned by institutional investors.

In related news, Director Andrea Weiss sold 2,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $153.39, for a total value of $306,780.00. Following the completion of the sale, the director now directly owns 11,758 shares in the company, valued at approximately $1,803,559.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $151.67, for a total value of $5,580,545.98. Following the completion of the sale, the chief executive officer now owns 157,591 shares of the company’s stock, valued at $23,901,826.97. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 152.82 on Tuesday. The stock’s 50 day moving average price is $148.85 and its 200 day moving average price is $157.65. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.26 and a beta of 0.51. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $743.20 million during the quarter, compared to the consensus estimate of $746.72 million. During the same period in the prior year, the firm posted $2.12 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Friday, October 13th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 12th. This represents a $4.80 annualized dividend and a yield of 3.14%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.28%.

Cracker Barrel Old Country Store declared that its board has authorized a share repurchase plan on Friday, September 29th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have issued reports on CBRL shares. Maxim Group reissued a “hold” rating and set a $155.00 target price (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 7th. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Nomura started coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. BidaskClub raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Bank of America Corporation cut their target price on 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 equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $163.22.

Cracker Barrel Old Country Store 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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