Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 39.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,050 shares of the restaurant operator’s stock after selling 2,690 shares during the quarter. Everence Capital Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $2,526,000. Charles Schwab Investment Management Inc. lifted its stake in Cracker Barrel Old Country Store by 11.6% during the third 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 in the last quarter. PDT Partners LLC boosted its position in shares of 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 worth $1,357,000 after buying an additional 19,925 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Cracker Barrel Old Country Store by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after buying an additional 13,040 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $1,016,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CBRL shares. Loop Capital raised their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. UBS Group raised their price objective 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. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Argus raised shares of 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 report on Monday, November 18th. Finally, Piper Sandler upped their price objective 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $57.28 on Thursday. 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 company has a fifty day simple moving average of $51.52 and a 200-day simple moving average of $45.69. The stock has a market cap of $1.27 billion, a P/E ratio of 31.65, a price-to-earnings-growth 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 $82.98.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

Cracker Barrel Old Country Store 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.