State Board of Administration of Florida Retirement System lessened its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,492 shares of the restaurant operator’s stock after selling 2,110 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cracker Barrel Old Country Store were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the 1st quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 96 shares during the period. Quantbot Technologies LP bought a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $127,000. Public Employees Retirement System of Ohio raised its stake in Cracker Barrel Old Country Store by 4.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 46 shares during the period. Blair William & Co. IL bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $201,000. Finally, Elkfork Partners LLC raised its stake in Cracker Barrel Old Country Store by 14.0% in the 1st quarter. Elkfork Partners LLC now owns 1,372 shares of the restaurant operator’s stock valued at $219,000 after acquiring an additional 168 shares during the period. 85.94% of the stock is owned by institutional investors.

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Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 152.41 on Friday. The firm’s 50-day moving average price is $150.25 and its 200 day moving average price is $158.86. The company has a market cap of $3.66 billion, a PE ratio of 18.47 and a beta of 0.52. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.05. The firm had revenue of $743.20 million for the quarter, compared to analyst estimates of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research note on Wednesday, July 12th. Instinet assumed coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Nomura assumed coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $163.22.

Cracker Barrel Old Country Store 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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