Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the target of unusually large options trading on Tuesday. Investors purchased 1,618 put options on the stock. This is an increase of approximately 979% compared to the typical daily volume of 150 put options.

Several analysts recently issued reports on the company. SunTrust Banks set a $165.00 price target on Cracker Barrel Old Country Store and gave the stock a “hold” rating in a report on Tuesday, February 6th. Maxim Group reissued a “hold” rating and issued a $160.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, November 22nd. Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $161.13.

A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. New York State Common Retirement Fund increased its position in shares of Cracker Barrel Old Country Store by 1.9% during the 2nd quarter. New York State Common Retirement Fund now owns 21,000 shares of the restaurant operator’s stock valued at $3,512,000 after purchasing an additional 399 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Cracker Barrel Old Country Store by 5.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,390 shares of the restaurant operator’s stock valued at $2,072,000 after purchasing an additional 636 shares during the period. California Public Employees Retirement System increased its position in shares of Cracker Barrel Old Country Store by 0.6% during the 2nd quarter. California Public Employees Retirement System now owns 31,000 shares of the restaurant operator’s stock valued at $5,185,000 after purchasing an additional 200 shares during the period. HighTower Advisors LLC increased its position in shares of Cracker Barrel Old Country Store by 53.0% during the 2nd quarter. HighTower Advisors LLC now owns 3,589 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 1,244 shares during the period. Finally, State Street Corp increased its position in shares of Cracker Barrel Old Country Store by 2.9% during the 2nd quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock valued at $123,663,000 after purchasing an additional 20,932 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $2.51 on Wednesday, reaching $170.19. The company had a trading volume of 326,405 shares, compared to its average volume of 320,844. Cracker Barrel Old Country Store has a 12-month low of $141.75 and a 12-month high of $179.12. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4,080.00, a PE ratio of 20.53, a P/E/G ratio of 1.99 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm had revenue of $710.40 million for the quarter, compared to analysts’ expectations of $718.85 million. During the same period last year, the firm earned $2.01 EPS. The firm’s revenue was up .1% compared to the same quarter last year. equities analysts predict that Cracker Barrel Old Country Store will post 9.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 12th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.90%.

TRADEMARK VIOLATION WARNING: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/14/stock-traders-purchase-high-volume-of-put-options-on-cracker-barrel-old-country-store-cbrl.html.

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.

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.