Fifth Third Bancorp Has $31,000 Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Fifth Third Bancorp reduced its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578 shares of the restaurant operator’s stock after selling 224 shares during the period. Fifth Third Bancorp’s holdings in Cracker Barrel Old Country Store were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $45,000. Public Employees Retirement System of Ohio increased its position in Cracker Barrel Old Country Store by 22.4% during the 3rd 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 period. Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $79,000. nVerses Capital LLC lifted 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 worth $109,000 after purchasing an additional 500 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of 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 worth $125,000 after purchasing an additional 1,394 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 0.4 %

CBRL opened at $64.98 on Monday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $82.98. The firm has a market capitalization of $1.45 billion, a P/E ratio of 35.90, a PEG ratio of 10.91 and a beta of 1.45. The company’s 50-day moving average is $55.65 and its 200 day moving average is $47.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Bank of America increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. UBS Group raised their target price on 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. Finally, Argus upgraded 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 note on Monday, November 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.63.

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.