Raymond James Financial Inc. Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Raymond James Financial Inc. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 86,965 shares of the restaurant operator's stock, valued at approximately $4,597,000. Raymond James Financial Inc. owned approximately 0.39% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $222,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after purchasing an additional 111,892 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Cracker Barrel Old Country Store by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator's stock valued at $1,389,000 after buying an additional 13,040 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth about $236,000. Finally, Verition Fund Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 96.0% during the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock worth $7,299,000 after acquiring an additional 78,816 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

CBRL has been the topic of several research analyst reports. UBS Group raised their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, December 5th. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, StockNews.com upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $57.13.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded down $1.30 on Friday, reaching $40.02. The company's stock had a trading volume of 835,330 shares, compared to its average volume of 811,893. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $73.20. The stock has a market capitalization of $890.97 million, a P/E ratio of 22.11, a PEG ratio of 8.36 and a beta of 1.57. The stock's 50-day moving average is $49.24 and its two-hundred day moving average is $49.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is presently 62.11%.

Cracker Barrel Old Country Store 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.