Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC cut its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 54.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,423 shares of the restaurant operator's stock after selling 8,977 shares during the quarter. Aquatic Capital Management LLC's holdings in Cracker Barrel Old Country Store were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Cracker Barrel Old Country Store by 13.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,624 shares of the restaurant operator's stock valued at $985,000 after buying an additional 2,142 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Cracker Barrel Old Country Store by 62.7% in the 4th quarter. Stifel Financial Corp now owns 61,227 shares of the restaurant operator's stock valued at $3,236,000 after purchasing an additional 23,585 shares during the period. State of Tennessee Department of Treasury raised its holdings in shares of Cracker Barrel Old Country Store by 50.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 8,567 shares of the restaurant operator's stock worth $453,000 after buying an additional 2,869 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Cracker Barrel Old Country Store by 32.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator's stock worth $218,000 after buying an additional 1,020 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Cracker Barrel Old Country Store by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after buying an additional 754 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Gmt Capital Corp purchased 35,607 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $42.77 per share, for a total transaction of $1,522,911.39. Following the purchase, the insider now directly owns 2,780,700 shares in the company, valued at approximately $118,930,539. This represents a 1.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have purchased 332,307 shares of company stock valued at $13,316,110. 1.40% of the stock is currently owned by corporate insiders.

Cracker Barrel Old Country Store Trading Up 3.7 %

CBRL stock traded up $1.63 on Thursday, reaching $45.97. The company's stock had a trading volume of 177,676 shares, compared to its average volume of 832,170. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The business has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $48.72. The firm has a market cap of $1.02 billion, a PE ratio of 25.40, a PEG ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is 62.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CBRL shares. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Loop Capital cut 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 note on Friday, March 7th. 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 research report on Friday, March 7th. Finally, StockNews.com upgraded shares of 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 given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $57.13.

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.