Allegis Investment Advisors LLC raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,490 shares of the restaurant operator’s stock after buying an additional 235 shares during the period. Allegis Investment Advisors LLC’s holdings in Cracker Barrel Old Country Store were worth $751,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CBRL. Neuburgh Advisers LLC boosted its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 96 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $127,000. Public Employees Retirement System of Ohio boosted its stake in shares of Cracker Barrel Old Country Store by 4.7% in the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 46 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 132 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $214,000. Institutional investors own 87.37% of the company’s stock.

Cracker Barrel Old Country Store, Inc. (CBRL) opened at 152.71 on Wednesday. The stock’s 50 day moving average price is $158.69 and its 200 day moving average price is $160.90. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 18.51 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 issued its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $713.06 million. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. Cracker Barrel Old Country Store’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. On average, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s payout ratio is currently 58.04%.

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Several brokerages have recently commented on CBRL. BidaskClub cut Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Wells Fargo & Company restated a “market perform” rating and set a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Instinet began coverage on Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a report on Wednesday, July 12th. Finally, Nomura began coverage on Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $165.78.

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.

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

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