Cracker Barrel Old Country Store, Inc. (CBRL) Holdings Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 128.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,142 shares of the restaurant operator’s stock after purchasing an additional 2,330 shares during the period. Russell Investments Group Ltd.’s holdings in Cracker Barrel Old Country Store were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. First Midwest Bank Trust Division increased its position in shares of Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 10,286 shares of the restaurant operator’s stock valued at $1,720,000 after purchasing an additional 120 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Cracker Barrel Old Country Store by 3.8% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 384,548 shares of the restaurant operator’s stock valued at $64,316,000 after purchasing an additional 14,114 shares during the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $362,000. Kelman Lazarov Inc. increased its position in shares of Cracker Barrel Old Country Store by 52.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 7,755 shares of the restaurant operator’s stock valued at $1,297,000 after purchasing an additional 2,667 shares during the last quarter. Finally, BB&T Corp purchased a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $2,019,000. 85.94% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) traded up 2.28% on Friday, hitting $152.41. 683,846 shares of the company were exchanged. The firm has a 50 day moving average of $150.25 and a 200-day moving average of $158.86. 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 $3.66 billion, a PE ratio of 18.47 and a beta of 0.52.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.05. The business had revenue of $743.20 million during 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 revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.81 earnings per share for the current fiscal year.

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A number of brokerages have commented on CBRL. 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. Nomura dropped their price objective on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday. Bank of America Corporation dropped their price objective on shares of 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. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Finally, BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $163.22.

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.

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

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