Royal Bank of Canada trimmed its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,658 shares of the restaurant operator’s stock after selling 944 shares during the period. Royal Bank of Canada owned 0.13% of Cracker Barrel Old Country Store worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in Cracker Barrel Old Country Store by 18,784.9% in the 1st quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after buying an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. boosted its position in Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,242,652 shares of the restaurant operator’s stock valued at $375,084,000 after buying an additional 26,046 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Cracker Barrel Old Country Store by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock valued at $152,421,000 after buying an additional 37,551 shares during the last quarter. State Street Corp boosted its position in Cracker Barrel Old Country Store by 2.9% in the 1st quarter. State Street Corp now owns 718,487 shares of the restaurant operator’s stock valued at $114,425,000 after buying an additional 20,109 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Cracker Barrel Old Country Store by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 697,577 shares of the restaurant operator’s stock valued at $116,671,000 after buying an additional 25,517 shares during the last quarter. 85.61% of the stock is owned by hedge funds and other institutional investors.

In other Cracker Barrel Old Country Store news, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were 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 approximately $1,803,559.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was 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 $23,901,826.97. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 157.58 on Friday. The stock has a 50 day moving average of $150.01 and a 200-day moving average of $157.34. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 18.83 and a beta of 0.51. Cracker Barrel Old Country Store, Inc. has a 52 week low of $131.50 and a 52 week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results 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. The company had revenue of $743.20 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $2.12 EPS. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Friday, October 13th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $4.80 annualized dividend and a yield of 3.05%. Cracker Barrel Old Country Store’s dividend payout ratio is 57.28%.

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

A number of equities analysts have weighed in on the stock. SunTrust Banks, Inc. reissued a “hold” rating and issued a $136.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Friday. BidaskClub cut shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Instinet reissued a “neutral” rating and issued a $158.00 price objective (down from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. Maxim Group reissued a “hold” rating and issued a $160.00 price objective (up from $155.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $161.00.

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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