Bank of New York Mellon Corp Has $9.47 Million Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Bank of New York Mellon Corp cut its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,107 shares of the restaurant operator's stock after selling 111,641 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of Cracker Barrel Old Country Store worth $9,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Good Life Advisors LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $404,000. Principal Financial Group Inc. lifted its position in Cracker Barrel Old Country Store by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator's stock valued at $5,699,000 after purchasing an additional 2,988 shares during the last quarter. Empowered Funds LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $213,000. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 valued at $906,000 after purchasing an additional 2,531 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $256,000. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBRL has been the topic of several research analyst reports. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Argus raised shares of 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 research note on Monday, November 18th. Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. UBS Group raised their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $57.13.

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Cracker Barrel Old Country Store Price Performance

Shares of CBRL traded up $0.72 during mid-day trading on Tuesday, hitting $40.26. The company's stock had a trading volume of 1,060,274 shares, compared to its average volume of 873,983. The firm has a 50-day moving average price of $52.15 and a 200 day moving average price of $49.24. The stock has a market capitalization of $896.31 million, a price-to-earnings ratio of 22.24, a PEG ratio of 8.36 and a beta of 1.57. 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, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $74.21.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 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.