Ameriprise Financial Inc. Sells 5,592 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Ameriprise Financial Inc. reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,839 shares of the restaurant operator's stock after selling 5,592 shares during the period. Ameriprise Financial Inc. owned 0.34% of Cracker Barrel Old Country Store worth $3,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 1,601.8% in 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 period. Lee Danner & Bass Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $56,000. Empowered Funds LLC bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $213,000. Finally, Connable Office Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $215,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL traded down $0.95 during trading on Friday, hitting $57.79. 312,599 shares of the company's stock were exchanged, compared to its average volume of 811,865. 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 company has a market cap of $1.29 billion, a PE ratio of 31.90, a P/E/G ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The stock's 50 day moving average price is $45.65 and its two-hundred day moving average price is $49.49.

Insider Activity

In other news, major shareholder Gmt Capital Corp bought 31,800 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was acquired at an average price of $37.31 per share, with a total value of $1,186,458.00. Following the transaction, the insider now owns 2,484,000 shares of the company's stock, valued at $92,678,040. This trade represents a 1.30% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 385,307 shares of company stock valued at $15,679,910 over the last quarter. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial set a $63.00 target price on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Loop Capital reduced 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. Citigroup reaffirmed a "sell" rating and set a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $54.00.

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.