First Midwest Bank Trust Division continued to hold its position in shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) during the third quarter, according to its most recent filing with the SEC. The firm owned 10,145 shares of the company’s stock at the end of the third quarter. First Midwest Bank Trust Division’s holdings in Cracker Barrel Old Country Store were worth $1,341,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bellwether Investment Group LLC purchased a new stake in Cracker Barrel Old Country Store during the second quarter valued at $107,000. Synovus Financial Corp increased its stake in Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock valued at $120,000 after buying an additional 6 shares during the period. Americafirst Capital Management LLC purchased a new stake in Cracker Barrel Old Country Store during the second quarter valued at $128,000. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock valued at $164,000 after buying an additional 55 shares during the period. Finally, Seven Eight Capital LLC increased its stake in Cracker Barrel Old Country Store by 2,052.2% in the second quarter. Seven Eight Capital LLC now owns 990 shares of the company’s stock valued at $170,000 after buying an additional 944 shares during the period. Institutional investors own 81.95% of the company’s stock.

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

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded up 1.11% on Tuesday, hitting $163.37. The stock had a trading volume of 257,482 shares. The company has a market cap of $3.93 billion, a P/E ratio of 20.00 and a beta of 0.31. Cracker Barrel Old Country Store Inc. has a 52-week low of $118.01 and a 52-week high of $172.89. The stock’s 50-day moving average is $141.77 and its 200-day moving average is $151.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.17. The firm had revenue of $710 million for the quarter, compared to analysts’ expectations of $713.73 million. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Analysts expect that Cracker Barrel Old Country Store Inc. will post $8.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $4.60 annualized dividend and a dividend yield of 2.82%. Cracker Barrel Old Country Store’s payout ratio is currently 56.23%.

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CBRL has been the topic of several recent research reports. Telsey Advisory Group cut their price objective on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating on the stock in a report on Tuesday, August 30th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Wells Fargo & Co. reissued a “market perform” rating and set a $132.50 price objective (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a report on Friday, September 16th. Maxim Group raised their price objective on Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. Finally, Bank of America Corp. reissued a “sell” rating and set a $140.00 price objective on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $162.50.

In related news, VP Nicholas V. Flanagan sold 10,000 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $164.05, for a total value of $1,640,500.00. Following the transaction, the vice president now owns 12,679 shares of the company’s stock, valued at $2,079,989.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 2,000 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $164.50, for a total value of $329,000.00. Following the completion of the transaction, the director now directly owns 11,758 shares in the company, valued at approximately $1,934,191. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

About Cracker Barrel Old Country Store

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.

5 Day Chart for NASDAQ:CBRL

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