Versor Investments LP Buys 10,800 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Versor Investments LP grew its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 234.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,400 shares of the restaurant operator’s stock after purchasing an additional 10,800 shares during the quarter. Versor Investments LP owned about 0.07% of Cracker Barrel Old Country Store worth $814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Good Life Advisors LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth about $404,000. Principal Financial Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock valued at $5,699,000 after purchasing an additional 2,988 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $213,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator’s stock valued at $906,000 after purchasing an additional 2,531 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $256,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Down 0.5 %

CBRL opened at $45.29 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average price of $55.21 and a 200-day moving average price of $48.98. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $74.21. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 8.36 and a beta of 1.48.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CBRL. Argus raised shares of 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 research note on Monday, November 18th. Piper Sandler raised their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Loop Capital lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Bank of America lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Company 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.