Marshall Wace LLP Purchases 462,542 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Marshall Wace LLP lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 151.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 767,006 shares of the restaurant operator's stock after buying an additional 462,542 shares during the quarter. Marshall Wace LLP owned approximately 3.45% of Cracker Barrel Old Country Store worth $40,544,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CBRL. Vanguard Group Inc. grew its holdings in Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after acquiring an additional 13,305 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock valued at $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock valued at $34,271,000 after buying an additional 16,333 shares during the period. William Blair Investment Management LLC lifted its holdings in Cracker Barrel Old Country Store by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 303,550 shares of the restaurant operator's stock worth $16,046,000 after buying an additional 5,803 shares during the period. Finally, Cibc World Market Inc. purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter worth $11,711,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 31,800 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of $37.31 per share, with a total value of $1,186,458.00. Following the completion of the acquisition, the insider now directly owns 2,484,000 shares of the company's stock, valued at $92,678,040. This trade represents a 1.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have bought 164,200 shares of company stock worth $6,133,329. 1.40% of the stock is currently owned by insiders.

Cracker Barrel Old Country Store Trading Up 3.3 %

NASDAQ:CBRL opened at $43.57 on Friday. The company has a market capitalization of $970.00 million, a P/E ratio of 24.07, a PEG ratio of 8.36 and a beta of 1.39. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.86 and a 12 month high of $65.43. The firm has a fifty day simple moving average of $42.48 and a 200-day simple moving average of $48.98.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of analyst reports. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Citigroup raised 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. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, Loop Capital reduced 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.

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