Invesco Ltd. Has $9.01 Million Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Invesco Ltd. boosted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,430 shares of the restaurant operator's stock after acquiring an additional 22,313 shares during the quarter. Invesco Ltd. owned 0.77% of Cracker Barrel Old Country Store worth $9,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of 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 buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. GAMMA Investing LLC raised its stake in Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after purchasing an additional 1,394 shares in the last quarter. Franklin Resources Inc. raised its stake in Cracker Barrel Old Country Store by 30.3% during the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock valued at $280,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Cracker Barrel Old Country Store by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator's stock valued at $906,000 after purchasing an additional 2,531 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 Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 26,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average price of $43.84 per share, for a total transaction of $1,161,760.00. Following the purchase, the insider now directly owns 2,568,800 shares in the company, valued at $112,616,192. This trade represents a 1.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 190,700 shares of company stock worth $7,295,089 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. 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 research note on Monday, March 10th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Citigroup upped their price target 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. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $57.13.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL traded down $1.56 during mid-day trading on Tuesday, hitting $41.64. The stock had a trading volume of 94,779 shares, compared to its average volume of 828,004. The company has a 50 day simple moving average of $41.74 and a 200-day simple moving average of $48.96. Cracker Barrel Old Country Store, Inc. has a 52 week low of $33.86 and a 52 week high of $65.43. The stock has a market capitalization of $927.08 million, a price-to-earnings ratio of 22.98, a P/E/G ratio of 8.36 and a beta of 1.39. 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is 62.11%.

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.