William Blair Investment Management LLC Buys 5,803 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

William Blair Investment Management LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,550 shares of the restaurant operator’s stock after acquiring an additional 5,803 shares during the period. William Blair Investment Management LLC owned about 1.36% of Cracker Barrel Old Country Store worth $16,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBRL. Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $2,526,000. Cibc World Market Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $11,711,000. Good Life Advisors LLC purchased a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $404,000. Charles Schwab Investment Management Inc. raised its position 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 valued at $62,452,000 after purchasing an additional 106,440 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $256,000. Institutional investors own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CBRL. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Piper Sandler lifted 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 note on Thursday, December 5th. Finally, Citigroup increased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Up 3.5 %

NASDAQ:CBRL opened at $41.67 on Thursday. The firm has a market capitalization of $927.70 million, a P/E ratio of 23.02, a PEG ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $74.21. The company’s 50-day simple moving average is $51.52 and its 200 day simple moving average is $49.19.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors 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 2.40%. Cracker Barrel Old Country Store’s payout ratio is currently 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.