Lee Danner & Bass Inc. Purchases New Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,061 shares of the restaurant operator’s stock, valued at approximately $56,000.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Cracker Barrel Old Country Store by 22.4% during the 3rd 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $79,000. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CBRL shares. Citigroup lifted 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. Bank of America lifted 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. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Two research 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. According to MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Stock Performance

CBRL stock opened at $40.38 on Friday. The stock has a market capitalization of $898.98 million, a PE ratio of 22.31, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $74.21. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $50.84 and its 200 day simple moving average is $49.21.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.48%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

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.