Invesco Ltd. boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,430 shares of the restaurant operator's stock after purchasing an additional 22,313 shares during the quarter. Invesco Ltd. owned about 0.77% of Cracker Barrel Old Country Store worth $9,009,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cibc World Market Inc. acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 9.9% in 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 acquiring an additional 106,440 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $404,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $256,000. Finally, Wealthfront Advisers LLC purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter worth $704,000. Institutional investors and hedge funds own 96.01% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. Citigroup boosted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a research note on Friday, March 7th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, Loop Capital dropped their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.13.
Get Our Latest Analysis on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Stock Up 0.2 %
NASDAQ CBRL traded up $0.10 during trading hours on Friday, reaching $43.34. 559,284 shares of the company traded hands, compared to its average volume of 832,011. The stock has a market capitalization of $964.88 million, a PE ratio of 23.94, a PEG ratio of 8.36 and a beta of 1.39. The company has a 50 day moving average of $41.84 and a two-hundred day moving average of $48.93. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.86 and a 12 month high of $65.43.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.
Insider Buying and Selling
In related news, major shareholder Gmt Capital Corp bought 31,800 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of $37.31 per share, with a total value of $1,186,458.00. Following the purchase, the insider now owns 2,484,000 shares in the company, valued at approximately $92,678,040. This represents a 1.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have purchased 190,700 shares of company stock valued at $7,295,089. Insiders own 1.40% of the company's stock.
About Cracker Barrel Old Country Store
(
Free Report)
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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