Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN lessened its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,680 shares of the restaurant operator’s stock after selling 12,876 shares during the period. Delta Asset Management LLC TN owned approximately 0.31% of Cracker Barrel Old Country Store worth $3,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CBRL. Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock valued at $138,142,000 after purchasing an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after acquiring an additional 106,440 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Cracker Barrel Old Country Store by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 303,550 shares of the restaurant operator’s stock valued at $16,046,000 after acquiring an additional 5,803 shares during the period. Cibc World Market Inc. acquired a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $11,711,000. Finally, Verition Fund Management LLC increased its stake in 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 worth $7,299,000 after purchasing an additional 78,816 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CBRL shares. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. UBS Group boosted 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. Bank of America increased 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 note on Thursday, December 5th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Trading Down 0.6 %

NASDAQ:CBRL opened at $39.84 on Thursday. Cracker Barrel Old Country Store, Inc. has a 1 year low of $34.88 and a 1 year high of $74.21. The stock has a market cap of $886.96 million, a P/E ratio of 22.01, a P/E/G 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. The stock has a 50-day simple moving average of $49.84 and a 200-day simple moving average of $49.26.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

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.