Jaffetilchin Investment Partners LLC Purchases 47,843 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Jaffetilchin Investment Partners LLC increased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 52,574.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,934 shares of the restaurant operator's stock after buying an additional 47,843 shares during the period. Jaffetilchin Investment Partners LLC owned 0.22% of Cracker Barrel Old Country Store worth $2,534,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $11,711,000. Charles Schwab Investment Management Inc. raised its holdings in Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $4,597,000. Norges Bank purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth $2,470,000. Finally, Invesco Ltd. raised its stake in shares of Cracker Barrel Old Country Store by 15.1% in the fourth quarter. Invesco Ltd. now owns 170,430 shares of the restaurant operator's stock worth $9,009,000 after purchasing an additional 22,313 shares during the last quarter. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL traded down $0.80 during mid-day trading on Tuesday, reaching $43.31. 1,050,373 shares of the company traded hands, compared to its average volume of 826,964. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm has a market cap of $964.21 million, a PE ratio of 23.93, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. The stock has a fifty day simple moving average of $43.31 and a 200-day simple moving average of $49.07. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43.

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Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Insider Transactions at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 105,900 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the purchase, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This represents a 4.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of analyst reports. Citigroup increased their price target 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. Loop Capital reduced their price target on 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. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. 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. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their price target for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $57.13.

Cracker Barrel Old Country Store 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.