William Blair Investment Management LLC Increases Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

William Blair Investment Management LLC raised its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,550 shares of the restaurant operator’s stock after purchasing an additional 5,803 shares during the quarter. William Blair Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $16,046,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CBRL. Smartleaf Asset Management LLC increased its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter worth $79,000. GAMMA Investing LLC raised its stake in shares of Cracker Barrel Old Country Store by 142.8% in the fourth 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 last quarter. Finally, MML Investors Services LLC bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at $213,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Up 3.5 %

NASDAQ:CBRL opened at $41.67 on Thursday. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $74.21. The business has a fifty day moving average price of $51.52 and a 200-day moving average price of $49.19. The firm has a market capitalization of $927.70 million, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

Analysts Set New Price Targets

Several research firms recently commented on CBRL. Citigroup lifted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Piper Sandler lifted their price target 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. Loop Capital lowered their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Bank of America boosted their target price on shares of 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus target price of $57.13.

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.