Capital Investment Counsel Inc Lowers Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capital Investment Counsel Inc cut its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,567 shares of the restaurant operator’s stock after selling 8,321 shares during the period. Capital Investment Counsel Inc owned 0.08% of Cracker Barrel Old Country Store worth $981,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Cracker Barrel Old Country Store by 11.6% in the 3rd 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 last quarter. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at $11,711,000. Verition Fund Management LLC grew its position in Cracker Barrel Old Country Store by 96.0% in the 3rd 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 last quarter. Principal Financial Group Inc. grew its position in Cracker Barrel Old Country Store by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock valued at $5,699,000 after buying an additional 2,988 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after buying an additional 321 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CBRL. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group raised their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, November 18th. Truist Financial raised their target price on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Finally, Piper Sandler lifted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Trading Up 0.3 %

Shares of CBRL stock opened at $48.43 on Friday. The firm has a 50-day moving average price of $55.85 and a 200 day moving average price of $48.75. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $74.21. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 8.47 and a beta of 1.48. 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 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.