Norges Bank Acquires Shares of 46,735 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Norges Bank bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 46,735 shares of the restaurant operator's stock, valued at approximately $2,470,000. Norges Bank owned approximately 0.21% of Cracker Barrel Old Country Store at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $56,000. Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after acquiring an additional 1,394 shares during the period. Finally, Empowered Funds LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $213,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Down 1.7 %

Shares of CBRL stock traded down $0.73 during trading hours on Thursday, reaching $41.46. The company had a trading volume of 178,230 shares, compared to its average volume of 825,072. 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, Inc. has a twelve month low of $33.86 and a twelve month high of $65.43. The stock's fifty day simple moving average is $42.67 and its 200 day simple moving average is $48.99. The company has a market capitalization of $922.91 million, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CBRL shares. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their price target for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Citigroup lifted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, March 7th. Finally, Loop Capital dropped 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 research note 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.13.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 105,900 shares of Cracker Barrel Old Country Store stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the purchase, the insider now directly owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This trade represents a 4.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.