JPMorgan Chase & Co. Has $1.40 Million Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

JPMorgan Chase & Co. lessened its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 98.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,799 shares of the restaurant operator's stock after selling 2,771,079 shares during the period. JPMorgan Chase & Co. owned 0.14% of Cracker Barrel Old Country Store worth $1,397,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $2,526,000. Charles Schwab Investment Management Inc. grew its holdings in Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after acquiring an additional 111,892 shares during the last quarter. PDT Partners LLC increased its position in Cracker Barrel Old Country Store by 199.3% in the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator's stock valued at $1,357,000 after acquiring an additional 19,925 shares during the period. BNP Paribas Financial Markets increased its position in Cracker Barrel Old Country Store by 74.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator's stock valued at $1,389,000 after acquiring an additional 13,040 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at $1,016,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Trading Up 0.7 %

CBRL traded up $0.41 during trading on Friday, hitting $60.11. The company's stock had a trading volume of 532,897 shares, compared to its average volume of 802,166. The firm has a market capitalization of $1.34 billion, a P/E ratio of 33.21, a PEG ratio of 2.51 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $82.98. The stock's fifty day moving average price is $54.07 and its 200-day moving average price is $47.07. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. Cracker Barrel Old Country Store's payout ratio is presently 55.25%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. UBS Group upped their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. StockNews.com downgraded Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Loop Capital lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Finally, Argus raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 target price for the company in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $57.63.

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.