Alpine Woods Capital Investors LLC maintained its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, Holdings Channel reports. The firm owned 7,200 shares of the restaurant operator’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Cracker Barrel Old Country Store were worth $1,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CBRL. BlackRock Inc. increased its position in Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock worth $358,755,000 after buying an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. increased its position in Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock worth $352,995,000 after buying an additional 294,756 shares during the last quarter. Ameriprise Financial Inc. increased its position in Cracker Barrel Old Country Store by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 868,792 shares of the restaurant operator’s stock worth $137,750,000 after buying an additional 60,537 shares during the last quarter. State Street Corp increased its position in Cracker Barrel Old Country Store by 2.9% in the first quarter. State Street Corp now owns 718,487 shares of the restaurant operator’s stock worth $114,425,000 after buying an additional 20,109 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Cracker Barrel Old Country Store by 5.9% in the first quarter. Wells Fargo & Company MN now owns 672,060 shares of the restaurant operator’s stock worth $107,026,000 after buying an additional 37,644 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 152.43 on Wednesday. The firm has a market capitalization of $3.66 billion, a PE ratio of 18.48 and a beta of 0.51. The firm’s 50-day moving average price is $158.69 and its 200-day moving average price is $160.90. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $713.06 million. During the same period in the prior year, the company posted $1.82 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were issued a $1.20 dividend. 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. The ex-dividend date of this dividend was Wednesday, July 12th. Cracker Barrel Old Country Store’s dividend payout ratio is 58.04%.

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A number of research analysts recently issued reports on CBRL shares. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, April 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 price target on the stock. BidaskClub downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Instinet 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 price target on the stock. Finally, Wells Fargo & Company restated a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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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