7,638 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by Good Life Advisors LLC

Good Life Advisors LLC bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,638 shares of the restaurant operator’s stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of 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. purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at about $79,000. GAMMA Investing LLC lifted its position in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 1,394 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Cracker Barrel Old Country Store by 365.0% in the 3rd quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 2,548 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth approximately $209,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Bank of America increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Piper Sandler increased their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Finally, UBS Group raised their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $48.43 on Friday. The business has a fifty day moving average of $55.85 and a 200 day moving average of $48.75. Cracker Barrel Old Country Store, Inc. has a 1 year low of $34.88 and a 1 year high of $74.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 8.47 and a beta of 1.48.

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.