Commonwealth Equity Services LLC Cuts Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Commonwealth Equity Services LLC cut its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,476 shares of the restaurant operator’s stock after selling 1,788 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cracker Barrel Old Country Store were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after acquiring an additional 106,440 shares during the period. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $11,711,000. Principal Financial Group Inc. lifted its position in Cracker Barrel Old Country Store by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock valued at $5,699,000 after purchasing an additional 2,988 shares during the period. Raymond James Financial Inc. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $4,597,000. Finally, Point72 Asset Management L.P. purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $2,526,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Up 3.1 %

Shares of CBRL stock opened at $37.21 on Friday. The company has a market capitalization of $828.41 million, a price-to-earnings ratio of 20.56, a PEG ratio of 8.36 and a beta of 1.39. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $47.19 and a 200 day moving average price of $49.27. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.86 and a twelve month high of $66.93.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.69%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Citigroup boosted their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, March 7th. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Loop Capital dropped their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.13.

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.