Lee Danner & Bass Inc. Invests $56,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,061 shares of the restaurant operator’s stock, valued at approximately $56,000.

Other large investors have also recently made changes to their positions in the company. Cibc World Market Inc. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at $11,711,000. Charles Schwab Investment Management Inc. boosted its stake in Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after buying an additional 111,892 shares during the period. Maverick Capital Ltd. bought a new stake in Cracker Barrel Old Country Store during the third quarter valued at $4,498,000. Raymond James Financial Inc. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at $4,597,000. Finally, Verition Fund Management LLC boosted its stake in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after buying an additional 78,816 shares during the period. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 note on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. UBS Group raised their price target on 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. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price target for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Two 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $57.13.

Cracker Barrel Old Country Store Stock Down 1.2 %

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

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 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.