Nisa Investment Advisors LLC Buys 6,993 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Nisa Investment Advisors LLC lifted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 63.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,999 shares of the restaurant operator’s stock after buying an additional 6,993 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.08% of Cracker Barrel Old Country Store worth $951,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $45,000. Public Employees Retirement System of Ohio grew its position in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter worth $79,000. nVerses Capital LLC raised its position in shares of Cracker Barrel Old Country Store by 26.3% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after buying an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 valued at $125,000 after buying an additional 1,394 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CBRL. Bank of America upped their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Piper Sandler boosted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital lifted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Monday, November 18th. Three investment 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. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $61.70 on Tuesday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $82.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The business’s 50 day simple moving average is $54.33 and its two-hundred day simple moving average is $47.32.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.62%. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

About Cracker Barrel Old Country Store

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.