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

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its stake in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC purchased 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 boosted its position in shares of Cracker Barrel Old Country Store by 22.4% in 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. purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $79,000. Finally, Quest Partners LLC increased its position in Cracker Barrel Old Country Store by 14,675.0% during the second quarter. Quest Partners LLC now owns 2,364 shares of the restaurant operator’s stock worth $100,000 after buying an additional 2,348 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBRL has been the subject of several research analyst reports. Piper Sandler increased their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. UBS Group lifted 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. Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $57.25.

Cracker Barrel Old Country Store Trading Up 1.8 %

NASDAQ CBRL opened at $57.28 on Thursday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $82.98. The firm has a 50-day moving average price of $51.52 and a 200 day moving average price of $45.69. The stock has a market capitalization of $1.27 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

About Cracker Barrel Old Country Store

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.