Arrowstreet Capital Limited Partnership Raises Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Arrowstreet Capital Limited Partnership lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 648,342 shares of the restaurant operator's stock after acquiring an additional 16,333 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 2.91% of Cracker Barrel Old Country Store worth $34,271,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CBRL. Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $11,711,000. Charles Schwab Investment Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after buying an additional 106,440 shares during the period. Raymond James Financial Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $4,597,000. Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at $2,526,000. Finally, Norges Bank purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $2,470,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

CBRL stock traded down $0.56 during midday trading on Monday, reaching $36.65. The company had a trading volume of 1,392,414 shares, compared to its average volume of 824,407. The firm has a 50-day moving average price of $46.69 and a 200-day moving average price of $49.34. The company has a market capitalization of $815.94 million, a P/E ratio of 20.25, a P/E/G ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $66.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

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Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.73%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBRL shares. Citigroup lifted their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research report on Friday, March 7th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.13.

About Cracker Barrel Old Country Store

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.