Delta Asset Management LLC TN trimmed its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,680 shares of the restaurant operator's stock after selling 12,876 shares during the period. Delta Asset Management LLC TN owned approximately 0.31% of Cracker Barrel Old Country Store worth $3,683,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after buying an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 106,440 shares during the period. William Blair Investment Management LLC boosted its stake in Cracker Barrel Old Country Store by 1.9% in the 4th quarter. William Blair Investment Management LLC now owns 303,550 shares of the restaurant operator's stock worth $16,046,000 after purchasing an additional 5,803 shares during the period. Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth about $11,711,000. Finally, Verition Fund Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 96.0% in the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock valued at $7,299,000 after purchasing an additional 78,816 shares during the period. Institutional investors own 96.01% of the company's stock.
Analyst Upgrades and Downgrades
CBRL has been the topic of a number of recent research reports. Piper Sandler lifted their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" 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 boosted their price objective for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. 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 report on Thursday, December 5th. Bank of America boosted their price target 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. Finally, Citigroup lifted their target price 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.13.
Read Our Latest Stock Analysis on CBRL
Cracker Barrel Old Country Store Stock Performance
Shares of CBRL traded down $0.35 during mid-day trading on Monday, reaching $39.67. The company's stock had a trading volume of 316,938 shares, compared to its average volume of 890,539. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a market cap of $883.17 million, a P/E ratio of 21.91, a PEG ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $73.20. The business has a 50-day simple moving average of $49.24 and a two-hundred day simple moving average of $49.42.
Cracker Barrel Old Country Store Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.
Cracker Barrel Old Country Store Profile
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Free Report)
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.
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