Arrowstreet Capital Limited Partnership Acquires 16,333 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 648,342 shares of the restaurant operator’s stock after acquiring an additional 16,333 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Cracker Barrel Old Country Store were worth $34,271,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth 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 during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $56,000. Public Employees Retirement System of Ohio raised 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 worth $61,000 after purchasing an additional 247 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth about $79,000. Finally, GAMMA Investing LLC lifted its holdings 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 worth $125,000 after buying an additional 1,394 shares during the period. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $41.33 on Thursday. 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 firm’s 50-day moving average price is $48.12 and its 200-day moving average price is $49.39. The firm has a market capitalization of $920.13 million, a P/E ratio of 22.83, a P/E/G ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $71.97.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. 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 2.42%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CBRL shares. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Loop Capital decreased their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Piper Sandler boosted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Citigroup lifted their target price 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.13.

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.