Zurich Insurance Group Ltd FI held its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,700 shares of the restaurant operator’s stock at the close of the 2nd quarter. Zurich Insurance Group Ltd FI’s holdings in Cracker Barrel Old Country Store were worth $1,288,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,001 shares of the restaurant operator’s stock valued at $335,000 after purchasing an additional 18 shares during the last quarter. Capstone Asset Management Co. lifted its stake in shares of Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. Capstone Asset Management Co. now owns 2,511 shares of the restaurant operator’s stock valued at $420,000 after purchasing an additional 30 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Cracker Barrel Old Country Store by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,543 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 30 shares during the last quarter. World Asset Management Inc lifted its stake in shares of Cracker Barrel Old Country Store by 2.2% in the 2nd quarter. World Asset Management Inc now owns 1,457 shares of the restaurant operator’s stock valued at $244,000 after purchasing an additional 31 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of Cracker Barrel Old Country Store by 0.6% in the 2nd quarter. Stephens Inc. AR now owns 5,025 shares of the restaurant operator’s stock valued at $840,000 after purchasing an additional 31 shares during the last quarter. 85.62% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 153.96 on Monday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 18.39 and a beta of 0.51. The firm’s 50-day moving average is $148.79 and its 200-day moving average is $157.66.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. The firm had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 earnings per share. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post $8.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders 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 yield of 3.12%. The ex-dividend date of this dividend is Thursday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.28%.

Cracker Barrel Old Country Store announced that its board has initiated a share repurchase program on Friday, September 29th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other news, CEO Sandra B. Cochran sold 36,794 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the sale, the chief executive officer now owns 157,591 shares in the company, valued at approximately $23,901,826.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $153.39, for a total transaction of $306,780.00. Following the sale, the director now owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Instinet started coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. Nomura started coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. Finally, Bank of America Corporation cut their target price on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a research report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus 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.

Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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