CIBC World Markets Inc. decreased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,652 shares of the company’s stock after selling 157 shares during the period. CIBC World Markets Inc. owned approximately 0.09% of Cracker Barrel Old Country Store worth $2,731,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its position in Cracker Barrel Old Country Store by 6.7% in the second quarter. GW&K Investment Management LLC now owns 152,515 shares of the company’s stock valued at $26,152,000 after buying an additional 9,567 shares in the last quarter. GW Henssler & Associates Ltd. boosted its position in Cracker Barrel Old Country Store by 4.1% in the second quarter. GW Henssler & Associates Ltd. now owns 65,514 shares of the company’s stock valued at $11,234,000 after buying an additional 2,557 shares in the last quarter. CWM LLC boosted its position in Cracker Barrel Old Country Store by 24.1% in the second quarter. CWM LLC now owns 115,083 shares of the company’s stock valued at $19,733,000 after buying an additional 22,385 shares in the last quarter. DIAM Co. Ltd. boosted its position in Cracker Barrel Old Country Store by 499.9% in the second quarter. DIAM Co. Ltd. now owns 9,376 shares of the company’s stock valued at $1,606,000 after buying an additional 7,813 shares in the last quarter. Finally, Jensen Investment Management Inc. boosted its position in Cracker Barrel Old Country Store by 1.8% in the second quarter. Jensen Investment Management Inc. now owns 2,760 shares of the company’s stock valued at $473,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 81.95% 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 1.67% during midday trading on Monday, reaching $161.58. 336,213 shares of the company traded hands. The firm has a 50-day moving average of $141.77 and a 200-day moving average of $151.78. Cracker Barrel Old Country Store, Inc. has a 1-year low of $118.01 and a 1-year high of $172.89. The stock has a market capitalization of $3.88 billion, a P/E ratio of 20.56 and a beta of 0.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.17. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. The company had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $4.60 annualized dividend and a yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.23%.

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CBRL has been the topic of several research analyst reports. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 22nd. Maxim Group increased their price objective on shares of Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 15th. Telsey Advisory Group increased their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $140.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $162.50.

In other news, COO Sandra B. Cochran sold 30,000 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $164.05, for a total transaction of $4,921,500.00. Following the sale, the chief operating officer now owns 129,895 shares in the company, valued at $21,309,274.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $164.50, for a total value of $329,000.00. Following the sale, the director now owns 11,758 shares in the company, valued at approximately $1,934,191. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.

5 Day Chart for NASDAQ:CBRL

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