Total Clarity Wealth Management Inc. Acquires Shares of 4,843 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Total Clarity Wealth Management Inc. purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,843 shares of the restaurant operator's stock, valued at approximately $256,000.

Other large investors also recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $11,711,000. Nisa Investment Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 63.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock valued at $951,000 after acquiring an additional 6,993 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after buying an additional 1,394 shares in the last quarter. Franklin Resources Inc. raised its stake in Cracker Barrel Old Country Store by 30.3% in the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock valued at $280,000 after buying an additional 1,498 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd 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 during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Down 3.5 %

Shares of CBRL stock traded down $2.20 during trading hours on Wednesday, hitting $60.62. 200,311 shares of the company were exchanged, compared to its average volume of 725,371. 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 stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 11.25 and a beta of 1.47. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $80.77. The business's 50-day simple moving average is $56.09 and its two-hundred day simple moving average is $48.15.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 55.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CBRL shares. Piper Sandler lifted their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Bank of America increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research note on Thursday, December 5th. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a research report on Monday, November 18th. StockNews.com cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Finally, Truist Financial boosted their target price on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.63.

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.