221,541 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Bought by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 221,541 shares of the restaurant operator's stock, valued at approximately $11,711,000. Cibc World Market Inc. owned about 1.00% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings 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 worth $48,752,000 after purchasing an additional 111,892 shares during the period. Verition Fund Management LLC raised its stake in Cracker Barrel Old Country Store by 96.0% in the third 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 in the last quarter. Advisors Asset Management Inc. raised its stake in Cracker Barrel Old Country Store by 0.3% in the third 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 in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth about $4,498,000. Finally, AQR Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 57.1% during the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator's stock worth $2,624,000 after buying an additional 22,658 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CBRL shares. Truist Financial lifted 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. UBS Group upped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Loop Capital increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Piper Sandler raised their price target 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. Finally, Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Down 4.6 %

Shares of NASDAQ:CBRL traded down $2.90 during midday trading on Wednesday, reaching $59.91. 501,868 shares of the company were exchanged, compared to its average volume of 739,125. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $80.77. The stock has a fifty day simple moving average of $56.24 and a two-hundred day simple moving average of $48.24. The firm has a market cap of $1.33 billion, a PE ratio of 33.10, a P/E/G ratio of 11.25 and a beta of 1.47.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store's payout ratio is 55.25%.

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.