Advisors Asset Management Inc. Reduces Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Advisors Asset Management Inc. cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,433 shares of the restaurant operator's stock after selling 25,597 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.33% of Cracker Barrel Old Country Store worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 913 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $79,000. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Remove Ads

Cracker Barrel Old Country Store Stock Down 2.2 %

Shares of CBRL traded down $0.92 on Tuesday, hitting $40.10. 757,354 shares of the stock traded hands, compared to its average volume of 793,603. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $74.21. The company has a market capitalization of $892.75 million, a PE ratio of 22.15, a P/E/G ratio of 8.36 and a beta of 1.57. The business has a 50 day simple moving average of $50.54 and a 200 day simple moving average of $49.31. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Analyst Ratings Changes

CBRL has been the topic of several research reports. Bank of America lifted their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research report on Thursday, December 5th. StockNews.com raised shares of 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 research report on Monday, March 10th. Citigroup upped their price objective on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, March 7th. Finally, Piper Sandler raised their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.