Canada Pension Plan Investment Board Sells 15,700 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Canada Pension Plan Investment Board decreased its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 96.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the restaurant operator's stock after selling 15,700 shares during the quarter. Canada Pension Plan Investment Board's holdings in Cracker Barrel Old Country Store were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after purchasing an additional 13,305 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Cracker Barrel Old Country Store by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after buying an additional 106,440 shares during the last quarter. Marshall Wace LLP raised its position in Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock worth $40,544,000 after acquiring an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Cracker Barrel Old Country Store by 2.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock worth $34,271,000 after acquiring an additional 16,333 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Cracker Barrel Old Country Store by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 303,550 shares of the restaurant operator's stock valued at $16,046,000 after acquiring an additional 5,803 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $43.34 on Monday. The stock has a market cap of $964.88 million, a P/E ratio of 23.94, a PEG ratio of 8.36 and a beta of 1.39. 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 business's 50-day moving average price is $41.84 and its two-hundred day moving average price is $48.97. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.86 and a twelve month high of $65.43.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 105,900 shares of the company's stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the acquisition, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. The trade was a 4.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 190,700 shares of company stock worth $7,295,089 over the last three months. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Loop Capital reduced their price objective 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 note on Friday, March 7th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Citigroup raised their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, March 7th. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.13.

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.

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