Geode Capital Management LLC Sells 968 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Geode Capital Management LLC cut its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 523,940 shares of the restaurant operator’s stock after selling 968 shares during the period. Geode Capital Management LLC owned about 2.36% of Cracker Barrel Old Country Store worth $23,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its stake in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at about $45,000. Public Employees Retirement System of Ohio increased its position in 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 valued at $61,000 after purchasing an additional 247 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $79,000. Finally, nVerses Capital LLC lifted its position in shares of Cracker Barrel Old Country Store by 375.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of 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. Bank of America lifted their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report 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 objective for the company in a research note on Monday, November 18th. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Trading Down 0.8 %

Cracker Barrel Old Country Store stock opened at $56.41 on Friday. 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 $1.26 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. The stock has a 50-day moving average of $50.32 and a two-hundred day moving average of $45.04. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $82.98.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

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.