Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,069 shares of the restaurant operator’s stock after buying an additional 2,531 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Cracker Barrel Old Country Store worth $906,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store during the fourth quarter worth $11,711,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 111,892 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $4,498,000. Verition Fund Management LLC boosted its stake in Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after acquiring an additional 78,816 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $2,526,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $52.44 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $79.70. The firm has a market capitalization of $1.17 billion, a PE ratio of 28.97, a P/E/G ratio of 10.38 and a beta of 1.48. The company’s 50 day simple moving average is $56.28 and its 200 day simple moving average is $48.63. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial raised their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, November 18th. Loop Capital upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Finally, UBS Group upped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.63.

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.