Bank of America Corp DE Trims Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Posted by on Jun 6th, 2023

Bank of America Corp DE cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,062 shares of the restaurant operator’s stock after selling 96,950 shares during the quarter. Bank of America Corp DE owned approximately 3.16% of Cracker Barrel Old Country Store worth $66,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Cracker Barrel Old Country Store by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock worth $302,682,000 after buying an additional 21,310 shares during the period. Vanguard Group Inc. boosted its stake in Cracker Barrel Old Country Store by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 2,304,547 shares of the restaurant operator’s stock worth $273,619,000 after purchasing an additional 75,245 shares in the last quarter. State Street Corp boosted its stake in Cracker Barrel Old Country Store by 4.4% in the 1st quarter. State Street Corp now owns 767,087 shares of the restaurant operator’s stock worth $91,076,000 after purchasing an additional 31,985 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cracker Barrel Old Country Store by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 469,784 shares of the restaurant operator’s stock worth $43,498,000 after purchasing an additional 3,257 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Cracker Barrel Old Country Store by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 389,174 shares of the restaurant operator’s stock worth $36,029,000 after purchasing an additional 5,973 shares in the last quarter. 87.19% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Down 4.9 %

Cracker Barrel Old Country Store stock opened at $97.30 on Tuesday. The firm has a 50 day moving average of $106.99 and a 200 day moving average of $106.92. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 4.26 and a beta of 1.38. Cracker Barrel Old Country Store, Inc. has a 12-month low of $81.87 and a 12-month high of $121.17. The company has a current ratio of 0.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.93.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRL. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $105.00 to $103.00 in a research note on Tuesday, May 30th. StockNews.com assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Friday, March 24th. CL King upped their target price on shares of Cracker Barrel Old Country Store from $125.00 to $130.00 in a research note on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cracker Barrel Old Country Store from $100.00 to $110.00 in a research note on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $108.00.

Cracker Barrel Old Country Store Company Profile

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Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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