Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) COO Sandra B. Cochran sold 30,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $164.05, for a total value of $4,921,500.00. Following the transaction, the chief operating officer now directly owns 129,895 shares of the company’s stock, valued at approximately $21,309,274.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 162.74 on Thursday. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 19.92 and a beta of 0.31. Cracker Barrel Old Country Store Inc. has a one year low of $118.01 and a one year high of $172.89. The stock’s 50 day moving average price is $141.77 and its 200 day moving average price is $151.78.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 56.23%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. Morgan Stanley increased its position in Cracker Barrel Old Country Store by 130.9% in the third quarter. Morgan Stanley now owns 253,378 shares of the company’s stock worth $33,503,000 after buying an additional 143,637 shares in the last quarter. Clinton Group Inc. purchased a new position in Cracker Barrel Old Country Store during the third quarter worth $14,178,000. Fiera Capital Corp purchased a new position in Cracker Barrel Old Country Store during the second quarter worth $17,311,000. FMR LLC increased its position in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock worth $62,836,000 after buying an additional 81,955 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Cracker Barrel Old Country Store by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 668,820 shares of the company’s stock worth $86,092,000 after buying an additional 76,099 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on CBRL shares. Maxim Group reduced their target price on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 15th. Telsey Advisory Group reduced their target price on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a report on Thursday, September 15th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $140.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $162.50.

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.

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