Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stake Lessened by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,433 shares of the restaurant operator’s stock after selling 25,597 shares during the period. Advisors Asset Management Inc. owned approximately 0.33% of Cracker Barrel Old Country Store worth $3,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CBRL. Smartleaf Asset Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Cracker Barrel Old Country Store by 22.4% during the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cracker Barrel Old Country Store during the third quarter worth approximately $79,000. GAMMA Investing LLC boosted its holdings in 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. Finally, MML Investors Services LLC bought a new stake in Cracker Barrel Old Country Store during the third quarter worth approximately $213,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Down 2.0 %

CBRL stock opened at $40.85 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $74.21. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. 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. The company has a 50 day moving average of $51.19 and a two-hundred day moving average of $49.14.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBRL. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a report on Friday, March 7th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, UBS Group raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.