Nisa Investment Advisors LLC Acquires 6,993 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Nisa Investment Advisors LLC lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 63.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,999 shares of the restaurant operator's stock after buying an additional 6,993 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.08% of Cracker Barrel Old Country Store worth $951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its holdings in shares of Cracker Barrel Old Country Store by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 48,867 shares of the restaurant operator's stock valued at $2,060,000 after purchasing an additional 3,391 shares during the last quarter. AXA S.A. bought a new position in Cracker Barrel Old Country Store during the second quarter valued at approximately $651,000. AQR Capital Management LLC grew its holdings in Cracker Barrel Old Country Store by 57.1% during the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator's stock valued at $2,624,000 after buying an additional 22,658 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Cracker Barrel Old Country Store by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator's stock worth $480,000 after acquiring an additional 618 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator's stock worth $533,000 after acquiring an additional 804 shares in the last quarter. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Trading Up 1.6 %

Shares of CBRL stock traded up $0.97 on Tuesday, reaching $62.67. 570,512 shares of the company's stock were exchanged, compared to its average volume of 780,630. The company's fifty day simple moving average is $54.33 and its 200 day simple moving average is $47.32. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $82.98. 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 capitalization of $1.40 billion, a PE ratio of 34.62, a P/E/G ratio of 2.51 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.60%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 55.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 report on Thursday, December 5th. Loop Capital upped their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a report on Thursday, December 5th. StockNews.com cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. Finally, UBS Group raised their price objective on 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.63.

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.