Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded up 5.7% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $164.36 and last traded at $163.01, with a volume of 899,819 shares. The stock had previously closed at $154.16.

The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.17. Cracker Barrel Old Country Store had a return on equity of 33.11% and a net margin of 6.50%. The company earned $710 million during the quarter, compared to analysts’ expectations of $713.73 million. During the same quarter in the previous year, the company posted $1.70 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 58.45%.

Several brokerages recently issued reports on CBRL. Telsey Advisory Group cut their price target on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a research note on Thursday, September 15th. Maxim Group cut their price target on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 15th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Bank of America Corp. reiterated a “sell” rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and issued a $132.50 price target (down from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average price target of $159.64.

Several hedge funds and other institutional investors have recently made changes to their positions in CBRL. Metropolitan Life Insurance Co. NY increased its position in shares of Cracker Barrel Old Country Store by 1.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 34,509 shares of the company’s stock valued at $5,268,000 after buying an additional 564 shares during the period. LPL Financial LLC increased its position in shares of Cracker Barrel Old Country Store by 29.6% in the first quarter. LPL Financial LLC now owns 11,754 shares of the company’s stock valued at $1,764,000 after buying an additional 2,683 shares during the period. Arizona State Retirement System increased its position in shares of Cracker Barrel Old Country Store by 2.5% in the first quarter. Arizona State Retirement System now owns 12,151 shares of the company’s stock valued at $1,855,000 after buying an additional 300 shares during the period. Squarepoint Ops LLC increased its position in shares of Cracker Barrel Old Country Store by 16.4% in the first quarter. Squarepoint Ops LLC now owns 11,188 shares of the company’s stock valued at $1,709,000 after buying an additional 1,574 shares during the period. Finally, Hillcrest Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $6,365,000. Institutional investors own 83.91% of the company’s stock.

The company has a market capitalization of $3.92 billion, a P/E ratio of 20.74 and a beta of 0.31. The stock has a 50-day moving average of $138.07 and a 200 day moving average of $151.35.

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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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

5 Day Chart for NASDAQ:CBRL

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