Vanguard Group Inc. Acquires 13,305 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,613,358 shares of the restaurant operator's stock after acquiring an additional 13,305 shares during the quarter. Vanguard Group Inc. owned approximately 11.74% of Cracker Barrel Old Country Store worth $138,142,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 106,440 shares during the last quarter. William Blair Investment Management LLC increased its position in Cracker Barrel Old Country Store by 1.9% in 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 in the last quarter. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $11,711,000. Principal Financial Group Inc. lifted its position in shares of Cracker Barrel Old Country Store by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator's stock valued at $5,699,000 after buying an additional 2,988 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $4,597,000. Institutional investors own 96.01% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

CBRL has been the subject of several recent analyst reports. Citigroup upped their target price on shares of 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. Loop Capital reduced their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $57.13.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp acquired 31,800 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were acquired at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following the completion of the transaction, the insider now directly owns 2,484,000 shares of the company's stock, valued at approximately $92,678,040. The trade was a 1.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Cracker Barrel Old Country Store Trading Up 5.1 %

NASDAQ CBRL traded up $2.00 during trading hours on Friday, hitting $40.97. 1,189,483 shares of the company were exchanged, compared to its average volume of 826,461. 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 stock has a 50-day moving average price of $43.63 and a 200 day moving average price of $49.07. The stock has a market cap of $912.12 million, a PE ratio of 22.64, 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

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.