QCM Cayman Ltd. bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,230 shares of the restaurant operator’s stock, valued at approximately $206,000.

A number of other institutional investors also recently bought and sold shares of the stock. Koch Industries Inc. purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $232,000. Crawford Investment Counsel Inc. boosted its position in shares of Cracker Barrel Old Country Store by 25.3% during the second quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock worth $16,124,000 after buying an additional 19,437 shares during the period. Jensen Investment Management Inc. boosted its position in shares of Cracker Barrel Old Country Store by 24.4% during the second quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock worth $649,000 after buying an additional 760 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cracker Barrel Old Country Store by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock worth $63,028,000 after buying an additional 11,236 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Cracker Barrel Old Country Store by 3.0% during the first quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 85.76% of the company’s stock.

In related 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 value of $306,780.00. Following the completion of the sale, the director now directly owns 11,758 shares in the company, valued at approximately $1,803,559.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the chief executive officer now owns 157,591 shares of the company’s stock, valued at $23,901,826.97. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of brokerages have recently weighed in on CBRL. 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 note on Thursday, September 7th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Nomura assumed coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Bank of America Corporation lowered their target price on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a report on Monday, September 11th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $163.22.

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Cracker Barrel Old Country Store, Inc. (CBRL) traded up 0.29% on Monday, reaching $152.06. The company had a trading volume of 59,261 shares. The stock’s 50-day moving average price is $149.76 and its 200 day moving average price is $158.57. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 18.17 and a beta of 0.51. 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 released its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. The company had revenue of $743.20 million during the quarter, compared to the consensus estimate of $746.72 million. During the same period in the previous year, the firm earned $2.12 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post $8.81 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store announced that its Board of Directors has authorized a stock buyback program on Friday, September 29th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 0.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 57.28%.

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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