13,327 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,327 shares of the restaurant operator's stock, valued at approximately $704,000. Wealthfront Advisers LLC owned approximately 0.06% of Cracker Barrel Old Country Store at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versor Investments LP bought a new position in Cracker Barrel Old Country Store in the third quarter valued at about $209,000. Aviance Capital Partners LLC lifted its holdings in Cracker Barrel Old Country Store by 84.9% in the third quarter. Aviance Capital Partners LLC now owns 19,438 shares of the restaurant operator's stock valued at $882,000 after acquiring an additional 8,925 shares during the period. Factorial Partners LLC lifted its holdings in Cracker Barrel Old Country Store by 52.9% in the third quarter. Factorial Partners LLC now owns 26,000 shares of the restaurant operator's stock valued at $1,179,000 after acquiring an additional 9,000 shares during the period. Advisors Asset Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock valued at $4,536,000 after acquiring an additional 321 shares during the period. Finally, Intech Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the third quarter valued at about $222,000. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded down $0.82 during trading on Thursday, hitting $40.85. 918,051 shares of the company's stock were exchanged, compared to its average volume of 785,057. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $74.21. The business's 50-day simple moving average is $51.52 and its 200 day simple moving average is $49.19. The company has a market cap of $909.44 million, a price-to-earnings ratio of 22.57, a PEG ratio of 8.36 and a beta of 1.57.

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Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBRL. Piper Sandler increased their target price on 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. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Finally, Citigroup upped their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Company 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.