Prudential Financial Inc. Sells 570 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Prudential Financial Inc. lowered its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,559 shares of the restaurant operator’s stock after selling 570 shares during the quarter. Prudential Financial Inc.’s holdings in Cracker Barrel Old Country Store were worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CBRL. Vanguard Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock worth $138,142,000 after purchasing an additional 13,305 shares in the last quarter. LPL Financial LLC increased its holdings in Cracker Barrel Old Country Store by 77.0% in the 4th quarter. LPL Financial LLC now owns 24,984 shares of the restaurant operator’s stock worth $1,321,000 after buying an additional 10,867 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $217,000. Lee Danner & Bass Inc. bought a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $56,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 64.1% during the 4th quarter. Intech Investment Management LLC now owns 8,025 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 3,134 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $37.21 on Monday. The business has a 50-day simple moving average of $47.19 and a two-hundred day simple moving average of $49.37. 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 52 week low of $33.86 and a 52 week high of $66.93. The stock has a market cap of $828.41 million, a price-to-earnings ratio of 20.56, a PEG ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 62.11%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several research reports. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital lowered their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Citigroup upped their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, March 7th. 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 analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $57.13.

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.