First Financial Equity Corporation purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the first quarter, according to its most recent filing with the SEC. The firm purchased 28,796 shares of the restaurant operator’s stock, valued at approximately $4,539,000. First Financial Equity Corporation owned about 0.12% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. Hedge funds and other institutional investors own 89.24% of the company’s stock.

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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 0.55% during midday trading on Wednesday, hitting $162.44. 252,272 shares of the company were exchanged. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04. The stock has a market capitalization of $3.91 billion, a PE ratio of 19.69 and a beta of 0.51. The firm’s 50-day moving average price is $164.43 and its 200-day moving average price is $162.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $713.06 million. Cracker Barrel Old Country Store had a net margin of 6.70% and a return on equity of 31.80%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.95%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.62%.

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CBRL has been the topic of a number of research reports. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. Maxim Group reiterated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $167.86.

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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