Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 6.8% on Insider Buying Activity

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was up 6.8% on Monday after an insider bought additional shares in the company. The company traded as high as $44.84 and last traded at $43.78. Approximately 217,179 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 822,243 shares. The stock had previously closed at $40.97.

Specifically, major shareholder Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $92,678,040. The trade was a 1.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gmt Capital Corp purchased 105,900 shares of the stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the transaction, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analyst Upgrades and Downgrades

CBRL has been the topic of several research reports. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research report on Friday, March 7th. Loop Capital cut their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Up 3.3 %

The business has a fifty day moving average of $42.30 and a two-hundred day moving average of $48.95. The firm has a market cap of $970.00 million, a price-to-earnings ratio of 24.07, a PEG ratio of 8.36 and a beta of 1.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.30%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 247 shares during the last quarter. Captrust Financial Advisors increased its position in Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock worth $333,000 after purchasing an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cracker Barrel Old Country Store by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock valued at $666,000 after purchasing an additional 417 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock worth $707,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

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.