Thrivent Financial For Lutherans boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,540 shares of the restaurant operator’s stock after buying an additional 420 shares during the period. Thrivent Financial For Lutherans’ holdings in Cracker Barrel Old Country Store were worth $723,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CBRL. Neuburgh Advisers LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 96 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Cracker Barrel Old Country Store during the first quarter valued at $127,000. Glen Harbor Capital Management LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 132 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Cracker Barrel Old Country Store during the first quarter valued at $214,000. Finally, Elkfork Partners LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Elkfork Partners LLC now owns 1,372 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 168 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) traded down 0.47% during midday trading on Tuesday, reaching $151.67. 271,545 shares of the company’s stock were exchanged. Cracker Barrel Old Country Store, Inc. has a 12 month low of $130.15 and a 12 month high of $175.04. The stock has a market cap of $3.65 billion, a PE ratio of 18.38 and a beta of 0.51. The company’s 50 day moving average is $161.08 and its 200-day moving average is $161.15.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $713.06 million. During the same quarter in the previous year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, July 12th. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s payout ratio is currently 58.04%.

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Several equities research analysts have recently weighed in on the stock. Maxim Group reaffirmed a “hold” rating and issued a $170.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $165.78.

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)

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