Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 96.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the restaurant operator's stock after selling 15,700 shares during the period. Canada Pension Plan Investment Board's holdings in Cracker Barrel Old Country Store were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CBRL. Marshall Wace LLP increased its holdings in Cracker Barrel Old Country Store by 151.9% in the fourth 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 in the last quarter. Cibc World Market Inc. acquired a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $11,711,000. Charles Schwab Investment Management Inc. boosted its position 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 worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $4,597,000. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of Cracker Barrel Old Country Store by 52,574.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 47,934 shares of the restaurant operator's stock worth $2,534,000 after buying an additional 47,843 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Gmt Capital Corp purchased 105,900 shares of the company's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price 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 in the company, valued at approximately $88,132,068. This represents a 4.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders bought 296,700 shares of company stock worth $11,793,199. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

CBRL has been the subject of a number of research analyst reports. Loop Capital reduced 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 report on Friday, March 7th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the company from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Citigroup boosted their price target 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Up 1.8 %

NASDAQ CBRL traded up $0.76 on Friday, reaching $43.40. 135,343 shares of the company were exchanged, compared to its average volume of 832,506. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The stock has a market capitalization of $966.21 million, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. The business's fifty day moving average price is $41.45 and its 200 day moving average price is $48.86. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend 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.