Amundi Purchases 7,181 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Amundi boosted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 202.4% during the fourth quarter, HoldingsChannel reports. The fund owned 10,729 shares of the restaurant operator’s stock after buying an additional 7,181 shares during the quarter. Amundi’s holdings in Cracker Barrel Old Country Store were worth $615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock valued at $62,452,000 after buying an additional 106,440 shares during the period. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $11,711,000. Verition Fund Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after buying an additional 78,816 shares during the last quarter. Principal Financial Group Inc. increased its stake in Cracker Barrel Old Country Store by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock worth $5,699,000 after purchasing an additional 2,988 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRL has been the subject of several analyst reports. Loop Capital dropped their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Piper Sandler lifted 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 report on Thursday, December 5th. Bank of America lifted 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 report on Thursday, December 5th. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price target for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Finally, UBS Group raised their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $40.85 on Friday. The company has a 50 day moving average price of $51.19 and a 200-day moving average price of $49.14. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $74.21. The stock has a market capitalization of $909.44 million, a PE ratio of 22.57, a PEG ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.

Cracker Barrel Old Country Store Company 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.