Northern Trust Corp increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 394,251 shares of the restaurant operator’s stock after acquiring an additional 7,649 shares during the quarter. Northern Trust Corp owned approximately 1.64% of Cracker Barrel Old Country Store worth $65,939,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $100,000. Bruderman Asset Management LLC acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cracker Barrel Old Country Store by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 61 shares during the last quarter. Quantbot Technologies LP acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at $127,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Cracker Barrel Old Country Store by 4.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.

A number of brokerages have weighed in on CBRL. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Instinet reaffirmed a “neutral” rating and issued a $158.00 price objective (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. Nomura lowered their price objective on Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Thursday, September 14th. Bank of America Corporation dropped 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. Finally, Maxim Group reiterated a “hold” rating and issued a $155.00 target price (down from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $163.22.

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

ILLEGAL ACTIVITY WARNING: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/northern-trust-corp-has-65-94-million-position-in-cracker-barrel-old-country-store-inc-cbrl/1607242.html.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 153.21 on Wednesday. The stock has a market capitalization of $3.69 billion, a PE ratio of 18.30 and a beta of 0.51. The stock’s 50 day moving average is $148.71 and its 200 day moving average is $157.78. 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 announced its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the 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 firm 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 business earned $2.12 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current fiscal year.

Cracker Barrel Old Country Store announced that its board has initiated a share repurchase program on Friday, September 29th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 0.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.13%. Cracker Barrel Old Country Store’s dividend payout ratio is 57.28%.

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)

Receive News & Ratings for Cracker Barrel Old Country Store Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.