Eastern Bank Continues to Hold Position in Cracker Barrel Old Country Store, Inc. (CBRL)

Eastern Bank continued to hold its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,825 shares of the restaurant operator’s stock at the end of the second quarter. Eastern Bank’s holdings in Cracker Barrel Old Country Store were worth $305,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Neuburgh Advisers LLC raised its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock worth $125,000 after buying an additional 96 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $127,000. Public Employees Retirement System of Ohio raised its stake in shares of Cracker Barrel Old Country Store by 4.7% in the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock worth $164,000 after buying an additional 46 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock worth $172,000 after buying an additional 132 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $214,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) opened at 150.51 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $130.15 and a 12 month high of $175.04. The stock’s 50 day moving average is $157.36 and its 200 day moving average is $160.71. The firm has a market cap of $3.62 billion, a PE ratio of 18.24 and a beta of 0.51.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date 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 currently 58.04%.

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Several research analysts have weighed in on the stock. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research note on Wednesday, July 12th. Finally, Nomura assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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