Connable Office Inc. Takes $215,000 Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Connable Office Inc. acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 4,065 shares of the restaurant operator’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of 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 acquiring an additional 247 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $79,000. GAMMA Investing LLC lifted its position in shares of Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,394 shares during the last quarter. US Bancorp DE lifted its position in shares of Cracker Barrel Old Country Store by 365.0% during the 3rd quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Cracker Barrel Old Country Store during 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 Trading Down 0.5 %

NASDAQ CBRL opened at $45.29 on Friday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $74.21. 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 market capitalization of $1.01 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. The firm’s fifty day simple moving average is $55.05 and its 200-day simple moving average is $49.10.

Analyst Upgrades and Downgrades

CBRL has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. 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. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday. Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.