Geode Capital Management LLC cut its stake in shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,797 shares of the company’s stock after selling 372 shares during the period. Geode Capital Management LLC owned 0.71% of Cracker Barrel Old Country Store worth $25,770,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRL. State Board of Administration of Florida Retirement System increased its position in shares of Cracker Barrel Old Country Store by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 10,373 shares of the company’s stock worth $1,316,000 after buying an additional 90 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 32.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,046 shares of the company’s stock worth $1,021,000 after buying an additional 1,988 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Cracker Barrel Old Country Store by 5.1% in the fourth quarter. New York State Common Retirement Fund now owns 18,400 shares of the company’s stock worth $2,334,000 after buying an additional 900 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 11.4% in the fourth quarter. Vanguard Group Inc. now owns 2,220,972 shares of the company’s stock worth $281,686,000 after buying an additional 227,576 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 15,434 shares of the company’s stock worth $1,956,000 after buying an additional 5,238 shares in the last quarter.
Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) traded up 1.19% during trading on Thursday, hitting $157.61. 313,746 shares of the stock were exchanged. The firm has a 50 day moving average of $164.22 and a 200-day moving average of $149.90. Cracker Barrel Old Country Store Inc. has a 12-month low of $117.95 and a 12-month high of $172.89. The company has a market cap of $3.77 billion and a price-to-earnings ratio of 20.42.
The business also recently announced a special dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a $3.25 dividend. This represents a yield of 2.8%. The ex-dividend date is Wednesday, July 13th.
A number of research analysts recently issued reports on CBRL shares. Longbow Research upgraded shares of Cracker Barrel Old Country Store from a “neutral” rating to a “buy” rating and set a $187.00 price target for the company in a research note on Thursday, April 7th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Tuesday, April 26th. Telsey Advisory Group downgraded shares of Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $160.00 to $172.00 in a research note on Thursday, June 2nd. SunTrust Banks Inc. lifted their price target on shares of Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, June 2nd. Finally, Bank of America Corp. downgraded shares of Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price target for the company. in a research note on Monday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $167.17.
In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 600 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $168.75, for a total value of $101,250.00. Following the sale, the vice president now directly owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.
