Teachers Retirement System of The State of Kentucky lowered its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,860 shares of the restaurant operator’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cracker Barrel Old Country Store were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in Cracker Barrel Old Country Store by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,001 shares of the restaurant operator’s stock valued at $335,000 after buying an additional 18 shares during the last quarter. Capstone Asset Management Co. boosted its position in Cracker Barrel Old Country Store by 1.2% in the second quarter. Capstone Asset Management Co. now owns 2,511 shares of the restaurant operator’s stock valued at $420,000 after buying an additional 30 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Cracker Barrel Old Country Store by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 1,543 shares of the restaurant operator’s stock valued at $258,000 after buying an additional 30 shares during the last quarter. World Asset Management Inc boosted its position in Cracker Barrel Old Country Store by 2.2% in the second quarter. World Asset Management Inc now owns 1,457 shares of the restaurant operator’s stock valued at $244,000 after buying an additional 31 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Cracker Barrel Old Country Store by 0.6% in the second quarter. Stephens Inc. AR now owns 5,025 shares of the restaurant operator’s stock valued at $840,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.

In related news, Director Andrea Weiss sold 2,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred 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 sale, the director now directly owns 11,758 shares in the company, valued at $1,803,559.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sandra B. Cochran sold 36,794 shares of Cracker Barrel Old Country Store stock in a transaction that occurred 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 in the company, valued at $23,901,826.97. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

CBRL has been the topic of a number of recent research reports. Maxim Group reiterated a “hold” rating and issued a $155.00 target price (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 7th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Nomura assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued 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 research report on Friday, June 30th. Finally, Bank of America Corporation lowered their price objective on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating on the stock in a research report on Monday, September 11th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $163.22.

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Shares of Cracker Barrel Old Country Store, Inc. (CBRL) opened at 149.73 on Wednesday. The firm has a 50-day moving average price of $148.83 and a 200 day moving average price of $157.60. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 17.89 and a beta of 0.51.

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

Cracker Barrel Old Country Store announced that its board has authorized a share buyback plan on Friday, September 29th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently announced 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. The ex-dividend date is Thursday, October 12th. This represents a $4.80 annualized dividend and a dividend yield of 3.21%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 57.28%.

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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