LPL Financial LLC Has $1.32 Million Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

LPL Financial LLC lifted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 77.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,984 shares of the restaurant operator's stock after buying an additional 10,867 shares during the period. LPL Financial LLC owned 0.11% of Cracker Barrel Old Country Store worth $1,321,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $56,000. Public Employees Retirement System of Ohio grew its position in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after buying an additional 247 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after buying an additional 1,394 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $213,000. Institutional investors own 96.01% of the company's stock.

Insider Activity at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 26,500 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average cost of $43.05 per share, with a total value of $1,140,825.00. Following the completion of the purchase, the insider now directly owns 2,542,300 shares in the company, valued at approximately $109,446,015. This trade represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 164,200 shares of company stock valued at $6,133,329 over the last ninety days. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a research note on Friday, March 7th. StockNews.com raised 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 raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Citigroup boosted 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 note on Friday, March 7th. Finally, Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $57.13.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded up $1.73 during trading on Wednesday, reaching $46.27. The company had a trading volume of 126,412 shares, compared to its average volume of 824,590. The firm's fifty day moving average is $42.10 and its 200 day moving average is $48.93. The firm has a market capitalization of $1.03 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.86 and a twelve month high of $65.43. 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. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is presently 62.11%.

Cracker Barrel Old Country Store Company 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.