Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stake Boosted by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 30.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,446 shares of the restaurant operator’s stock after purchasing an additional 1,498 shares during the period. Franklin Resources Inc.’s holdings in Cracker Barrel Old Country Store were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRL. Point72 Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $2,526,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after buying an additional 111,892 shares during the period. PDT Partners LLC lifted its position in shares of Cracker Barrel Old Country Store by 199.3% in the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock worth $1,357,000 after acquiring an additional 19,925 shares during the period. BNP Paribas Financial Markets boosted its stake in Cracker Barrel Old Country Store by 74.1% during the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock worth $1,389,000 after buying an additional 13,040 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at about $1,016,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 2.1 %

Shares of CBRL opened at $52.86 on Thursday. The firm has a 50 day simple moving average of $50.74 and a two-hundred day simple moving average of $45.25. The company has a market cap of $1.18 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.15 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $82.98. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CBRL. 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 report on Thursday, December 5th. Piper Sandler boosted their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. StockNews.com downgraded 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 objective on the stock in a research note on Monday, November 18th. Finally, Truist Financial boosted their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $57.25.

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.