Cracker Barrel Old Country Store, Inc. (CBRL) Stake Increased by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,675 shares of the restaurant operator’s stock after buying an additional 275 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cracker Barrel Old Country Store were worth $615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock worth $358,755,000 after buying an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock valued at $352,995,000 after buying an additional 294,756 shares in the last quarter. Norges Bank bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $34,415,000. Schroder Investment Management Group raised its stake in shares of Cracker Barrel Old Country Store by 338.6% in the first quarter. Schroder Investment Management Group now owns 243,160 shares of the restaurant operator’s stock valued at $38,801,000 after buying an additional 187,718 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 77.7% in the first quarter. AQR Capital Management LLC now owns 413,559 shares of the restaurant operator’s stock valued at $65,859,000 after buying an additional 180,824 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 0.67% during mid-day trading on Friday, hitting $150.51. 248,018 shares of the stock traded hands. Cracker Barrel Old Country Store, Inc. has a 1-year low of $130.15 and a 1-year high of $175.04. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 18.24 and a beta of 0.51. The company’s 50 day moving average price is $157.36 and its 200-day moving average price is $160.71.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $713.06 million. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Analysts predict that Cracker Barrel Old Country Store, Inc. will post $8.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, July 12th. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio is 58.04%.

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CBRL has been the topic of several research reports. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Maxim Group reaffirmed a “hold” rating and issued a $170.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $156.00 price objective (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Nomura initiated coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $165.78.

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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