Aquatic Capital Management LLC Reduces Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aquatic Capital Management LLC trimmed its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRL. Vanguard Group Inc. lifted its position in shares of Cracker Barrel Old Country Store by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after purchasing an additional 13,305 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 9.9% during the 4th 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 in the last quarter. Marshall Wace LLP boosted its position in Cracker Barrel Old Country Store by 151.9% in the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after buying an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Cracker Barrel Old Country Store by 2.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock worth $34,271,000 after acquiring an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cracker Barrel Old Country Store by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after acquiring an additional 50,905 shares during the period. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Citigroup lifted their price objective 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. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. 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 report on Friday, March 7th. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price objective for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Two equities research 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. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Up 0.2 %

Shares of NASDAQ:CBRL opened at $42.74 on Friday. The business's 50-day moving average is $41.39 and its 200 day moving average is $48.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43. The firm has a market capitalization of $951.52 million, a P/E ratio of 23.61, a P/E/G ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is currently 62.11%.

Insider Buying and Selling

In related news, major shareholder Gmt Capital Corp purchased 53,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $41.84 per share, with a total value of $2,217,520.00. Following the completion of the acquisition, the insider now owns 2,674,800 shares in the company, valued at approximately $111,913,632. This represents a 2.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 296,700 shares of company stock worth $11,793,199 in the last three months. Corporate insiders own 1.40% of the company's stock.

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.

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