Aviance Capital Partners LLC Raises Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aviance Capital Partners LLC boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 32.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,836 shares of the restaurant operator's stock after acquiring an additional 6,398 shares during the period. Aviance Capital Partners LLC owned 0.12% of Cracker Barrel Old Country Store worth $1,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CBRL. Point72 Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $2,526,000. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $11,711,000. Good Life Advisors LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $404,000. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 111,892 shares during the period. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $256,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL traded down $0.52 during mid-day trading on Friday, reaching $42.82. The stock had a trading volume of 1,800,534 shares, compared to its average volume of 818,501. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a market capitalization of $953.13 million, a price-to-earnings ratio of 23.66, a PEG ratio of 8.36 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $74.21. The business has a 50 day simple moving average of $53.73 and a 200 day simple moving average of $49.15.

Remove Ads

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.34%. Cracker Barrel Old Country Store's payout ratio is currently 55.25%.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of recent research reports. Truist Financial upped their price objective on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. UBS Group increased their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Citigroup increased their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a report on Friday. Piper Sandler raised their price objective on 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. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $56.63.

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.