Voya Investment Management LLC Sells 528 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Voya Investment Management LLC cut its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,603 shares of the restaurant operator’s stock after selling 528 shares during the quarter. Voya Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Cracker Barrel Old Country Store by 63.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator’s stock valued at $951,000 after buying an additional 6,993 shares in the last quarter. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $11,711,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $256,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cracker Barrel Old Country Store by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator’s stock valued at $906,000 after acquiring an additional 2,531 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Cracker Barrel Old Country Store during the 4th quarter worth $213,000. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several research reports. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. 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 raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Citigroup raised their price target 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. Finally, Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Down 1.3%

CBRL opened at $46.67 on Monday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.86 and a twelve month high of $65.43. The company has a fifty day moving average of $41.52 and a 200-day moving average of $48.70. The stock has a market cap of $1.04 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. 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 Dividend Announcement

The firm 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 31,800 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of $37.31 per share, with a total value of $1,186,458.00. Following the completion of the purchase, the insider now owns 2,484,000 shares in the company, valued at $92,678,040. This represents a 1.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 385,307 shares of company stock valued at $15,679,910. Corporate insiders own 1.40% of the company’s stock.

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.