Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,227 shares of the restaurant operator's stock after purchasing an additional 23,585 shares during the period. Stifel Financial Corp owned about 0.28% of Cracker Barrel Old Country Store worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State of Tennessee Department of Treasury lifted its stake in Cracker Barrel Old Country Store by 50.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 8,567 shares of the restaurant operator's stock valued at $453,000 after purchasing an additional 2,869 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Cracker Barrel Old Country Store by 32.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator's stock valued at $218,000 after purchasing an additional 1,020 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after purchasing an additional 754 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cracker Barrel Old Country Store by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock valued at $18,584,000 after buying an additional 50,905 shares in the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $297,000. 96.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp purchased 31,800 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have acquired 332,307 shares of company stock valued at $13,316,110. Insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock traded up $1.19 during mid-day trading on Thursday, hitting $45.53. 138,184 shares of the stock were exchanged, compared to its average volume of 832,011. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 8.36 and a beta of 1.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The stock's fifty day simple moving average is $41.26 and its two-hundred day simple moving average is $48.72.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors 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 yield of 2.20%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price objective for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital lowered their price objective on shares of 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. Finally, Citigroup boosted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target 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.