Schwab Charles Investment Management Inc. boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,741 shares of the restaurant operator’s stock after acquiring an additional 13,344 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.88% of Cracker Barrel Old Country Store worth $32,256,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CBRL. Acrospire Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $100,000. Bruderman Asset Management LLC bought a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $111,000. Ffcm LLC lifted its position in Cracker Barrel Old Country Store by 1,317.9% in the 3rd quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock valued at $122,000 after acquiring an additional 738 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $127,000. 88.92% of the stock is currently owned by institutional investors and hedge funds.

CBRL has been the topic of several analyst reports. Maxim Group reaffirmed a “hold” rating and issued a $155.00 price objective (down from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 7th. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Bank of America lowered their price objective on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating on the stock in a research report on Monday, September 11th. Nomura lowered their price objective on Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday, September 14th. Finally, Instinet reaffirmed a “neutral” rating and issued a $158.00 price objective (down from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $155.25.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at $162.74 on Monday. The firm has a market capitalization of $3,904.95, a price-to-earnings ratio of 19.63, a PEG ratio of 2.82 and a beta of 0.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.75 and a twelve month high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.06. The firm had revenue of $710.40 million for the quarter, compared to analysts’ expectations of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 EPS. sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 8.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Friday, January 12th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $4.80 annualized dividend and a dividend yield of 2.95%. Cracker Barrel Old Country Store’s payout ratio is 57.90%.

Cracker Barrel Old Country Store declared that its board has authorized a stock repurchase plan on Friday, September 29th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 0.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Andrea Weiss sold 2,000 shares of the stock in a transaction 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 transaction, the director now directly owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandra B. Cochran sold 36,794 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $151.67, for a total value of $5,580,545.98. Following the transaction, the chief executive officer now directly owns 157,591 shares in the company, valued at $23,901,826.97. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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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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