Raymond James Financial Inc. Takes $4.60 Million Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Raymond James Financial Inc. acquired a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 4th quarter, Holdings Channel reports. The firm acquired 86,965 shares of the restaurant operator’s stock, valued at approximately $4,597,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock valued at $62,452,000 after purchasing an additional 106,440 shares during the period. Smartleaf Asset Management LLC raised its holdings in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 913 shares in the last quarter. Connable Office Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter worth $215,000. Versor Investments LP lifted its position in Cracker Barrel Old Country Store by 234.8% during the fourth quarter. Versor Investments LP now owns 15,400 shares of the restaurant operator’s stock valued at $814,000 after buying an additional 10,800 shares during the period. Finally, Good Life Advisors LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $404,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Down 2.2 %

NASDAQ:CBRL opened at $40.10 on Wednesday. The stock has a market cap of $892.75 million, a price-to-earnings ratio of 22.15, a PEG ratio of 8.36 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average price is $50.20 and its 200-day moving average price is $49.33. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $74.21.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.49%. Cracker Barrel Old Country Store’s dividend payout ratio is 62.11%.

Analysts Set New Price Targets

CBRL has been the subject of several research reports. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their price target for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, Bank of America raised their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.