4,690 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by MML Investors Services LLC

MML Investors Services LLC purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,690 shares of the restaurant operator’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after acquiring an additional 321 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd 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 in the last quarter. nVerses Capital LLC grew its position in shares of Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cracker Barrel Old Country Store by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock worth $480,000 after purchasing an additional 618 shares during the last quarter. Finally, Creative Planning grew its stake in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock worth $533,000 after buying an additional 804 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRL has been the subject of several recent research reports. Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note 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 target for the company in a research note on Monday, November 18th. 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 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, Bank of America lifted their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $56.89 on Friday. 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 company’s fifty day moving average price is $50.32 and its two-hundred day moving average price is $45.04. The firm has a market capitalization of $1.27 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.15 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend 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.