Victory Capital Management Inc. Sells 82,881 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Victory Capital Management Inc. cut its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 95.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,172 shares of the restaurant operator's stock after selling 82,881 shares during the quarter. Victory Capital Management Inc.'s holdings in Cracker Barrel Old Country Store were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $2,526,000. Cibc World Market Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $11,711,000. Charles Schwab Investment Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 9.9% in the fourth 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 in the last quarter. Good Life Advisors LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth $404,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth $256,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock traded up $1.48 during trading on Thursday, hitting $41.32. 807,692 shares of the company's stock traded hands, compared to its average volume of 794,524. The company has a market cap of $919.91 million, a PE ratio of 22.83, a PEG ratio of 8.36 and a beta of 1.57. The firm's fifty day moving average price is $49.84 and its 200 day moving average price is $49.26. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $74.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

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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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is 62.11%.

Analysts Set New Price Targets

CBRL has been the subject of several recent analyst reports. Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. UBS Group upped 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 note on Thursday, December 5th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and an average price target of $57.13.

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.