Good Life Advisors LLC Acquires New Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Good Life Advisors LLC acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,638 shares of the restaurant operator's stock, valued at approximately $404,000.

Several other large investors also recently made changes to their positions in CBRL. Principal Financial Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator's stock worth $5,699,000 after acquiring an additional 2,988 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $213,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cracker Barrel Old Country Store by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator's stock worth $906,000 after purchasing an additional 2,531 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $256,000. Finally, Cibc World Market Inc. bought a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at $11,711,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL traded down $1.31 during midday trading on Friday, reaching $47.00. The company's stock had a trading volume of 538,824 shares, compared to its average volume of 639,533. The stock has a market capitalization of $1.05 billion, a P/E ratio of 25.97, a PEG ratio of 8.36 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm has a 50 day moving average price of $55.77 and a 200-day moving average price of $48.80. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $74.21.

Analysts Set New Price Targets

A number of research analysts have weighed in on CBRL shares. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, December 5th. Piper Sandler upped their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. UBS Group increased their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.