Investors Research Corp Sells 1,495 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Investors Research Corp reduced its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,300 shares of the restaurant operator’s stock after selling 1,495 shares during the quarter. Investors Research Corp’s holdings in Cracker Barrel Old Country Store were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CBRL. Cibc World Market Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $11,711,000. Charles Schwab Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after acquiring an additional 111,892 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $4,498,000. Raymond James Financial Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $4,597,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 96.0% in the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after purchasing an additional 78,816 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $44.34 on Tuesday. 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 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 cap of $986.96 million, a PE ratio of 24.50, a P/E/G ratio of 8.36 and a beta of 1.57. The stock has a 50 day moving average price of $53.73 and a 200 day moving average price of $49.20.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 62.11%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of recent analyst reports. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $55.00 in a report on Monday. Loop Capital reduced their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Citigroup boosted their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday. Finally, UBS Group boosted their price target 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.