Intech Investment Management LLC Purchases 3,134 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Intech Investment Management LLC raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 64.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,025 shares of the restaurant operator’s stock after buying an additional 3,134 shares during the quarter. Intech Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 247 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 1,394 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 30.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock worth $280,000 after buying an additional 1,498 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth $79,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock 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 P/E/G 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. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $74.21. The company’s fifty day moving average is $50.20 and its 200 day moving average is $49.33.

Cracker Barrel Old Country Store Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on CBRL. Citigroup boosted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, March 7th. UBS Group upped their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Piper Sandler raised 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 research report on Thursday, December 5th. Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Finally, Loop Capital reduced their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.