RFG Advisory Group LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 95.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,725 shares of the restaurant operator’s stock after buying an additional 1,817 shares during the period. RFG Advisory Group LLC’s holdings in Cracker Barrel Old Country Store were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CBRL. Ameriprise Financial Inc. increased its stake 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 in the last quarter. Wells Fargo & Company MN increased its stake 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 in the last quarter. Bank of New York Mellon Corp increased its stake in Cracker Barrel Old Country Store by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 398,459 shares of the restaurant operator’s stock worth $63,455,000 after buying an additional 42,022 shares in the last quarter. Schroder Investment Management Group increased its stake in Cracker Barrel Old Country Store by 338.6% in the first quarter. Schroder Investment Management Group now owns 243,160 shares of the restaurant operator’s stock worth $38,801,000 after buying an additional 187,718 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Cracker Barrel Old Country Store by 9.5% in the fourth quarter. AQR Capital Management LLC now owns 232,735 shares of the restaurant operator’s stock worth $38,862,000 after buying an additional 20,118 shares in the last quarter. 85.69% of the stock is owned by institutional investors and hedge funds.

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

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) traded down 0.40% during mid-day trading on Monday, hitting $168.03. 205,808 shares of the stock traded hands. The firm’s 50-day moving average is $162.25 and its 200-day moving average is $161.87. Cracker Barrel Old Country Store, Inc. has a 52 week low of $130.15 and a 52 week high of $175.04. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.37 and a beta of 0.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $713.06 million. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. On average, analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 14th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, July 12th. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.23%.

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A number of analysts have weighed in on CBRL shares. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Friday, February 17th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Buckingham Research set a $161.00 target price on shares of Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Tuesday, February 14th. Wells Fargo & Co reissued 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 research report on Thursday, May 25th. Finally, Maxim Group reissued 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. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $167.86.

About Cracker Barrel Old Country Store

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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