Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,079 shares of the restaurant operator’s stock after selling 746 shares during the period. Rhumbline Advisers owned approximately 0.33% of Cracker Barrel Old Country Store worth $3,916,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 worth $61,000 after purchasing an additional 247 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store during the third quarter worth $79,000. GAMMA Investing LLC increased its holdings in Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 1,394 shares during the period. US Bancorp DE increased its holdings in Cracker Barrel Old Country Store by 365.0% in the 3rd quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 2,548 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL opened at $45.29 on Friday. The stock’s 50-day moving average is $55.21 and its 200 day moving average is $48.98. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $74.21. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 8.36 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CBRL. 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 research note on Thursday, December 5th. Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Truist Financial upped their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, Argus upgraded 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 given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $57.63.

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.