Principal Financial Group Inc. Cuts Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Principal Financial Group Inc. cut its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,832 shares of the restaurant operator’s stock after selling 4,854 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Cracker Barrel Old Country Store worth $4,754,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its position in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at $45,000. Public Employees Retirement System of Ohio lifted its position in Cracker Barrel Old Country Store by 22.4% during the third 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth $79,000. Finally, Larson Financial Group LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth about $88,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Bank of America boosted their target price on 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. Piper Sandler raised their price target on 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. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 18th. Three 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.com, the company presently has an average rating of “Hold” and a consensus price target of $57.25.

Cracker Barrel Old Country Store Stock Performance

CBRL stock opened at $54.92 on Friday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $82.98. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.15 and a beta of 1.45. The business’s fifty day simple moving average is $50.87 and its two-hundred day simple moving average is $45.31. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

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 given a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.82%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

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.