JPMorgan Chase & Co. Acquires 17,368 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

JPMorgan Chase & Co. grew its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 56.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,167 shares of the restaurant operator's stock after acquiring an additional 17,368 shares during the period. JPMorgan Chase & Co. owned 0.22% of Cracker Barrel Old Country Store worth $2,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth $11,711,000. Charles Schwab Investment Management Inc. boosted 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 buying an additional 106,440 shares during the period. Raymond James Financial Inc. purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth $4,597,000. Wealthfront Advisers LLC bought a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at about $704,000. Finally, Vanguard Group Inc. raised its holdings in Cracker Barrel Old Country Store by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after acquiring an additional 13,305 shares during the period. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $44.54 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $65.43. 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 firm's fifty day moving average is $42.10 and its 200 day moving average is $48.93. The company has a market cap of $991.59 million, a price-to-earnings ratio of 24.61, a PEG ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is 62.11%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CBRL shares. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Loop Capital cut 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 report on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of "Hold" and a consensus target price of $57.13.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 105,900 shares of the business's 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 transaction, the insider now owns 2,452,200 shares in the company, valued at $88,132,068. This trade represents a 4.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 164,200 shares of company stock valued at $6,133,329. Insiders own 1.40% of the company's stock.

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.

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