Principal Financial Group Inc. Boosts Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Principal Financial Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,820 shares of the restaurant operator’s stock after purchasing an additional 2,988 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Cracker Barrel Old Country Store worth $5,699,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the third quarter worth about $2,526,000. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 111,892 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $256,000. Finally, PDT Partners LLC grew its holdings in Cracker Barrel Old Country Store by 199.3% during the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock valued at $1,357,000 after purchasing an additional 19,925 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of recent research reports. Loop Capital upped their price target on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on shares of 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. Finally, UBS Group boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Down 9.0 %

CBRL opened at $41.23 on Tuesday. The firm has a market capitalization of $917.74 million, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. 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 fifty day moving average price of $55.05 and a 200-day moving average price of $49.18. 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 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.