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

Stifel Financial Corp raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 62.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,227 shares of the restaurant operator's stock after purchasing an additional 23,585 shares during the quarter. 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.

A number of other hedge funds also recently made changes to their positions in the business. Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 9.9% in 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. Good Life Advisors LLC bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $404,000. Total Clarity Wealth Management Inc. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter worth about $256,000. Finally, Wealthfront Advisers LLC bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $704,000. Institutional investors own 96.01% of the company's stock.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of recent analyst reports. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital dropped their target price 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. Citigroup increased their price target 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. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Two equities research 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. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and a consensus target price of $57.13.

Cracker Barrel Old Country Store Trading Up 0.2 %

NASDAQ:CBRL opened at $42.74 on Friday. The stock has a fifty day simple moving average of $41.39 and a 200 day simple moving average of $48.84. The firm has a market capitalization of $951.52 million, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $65.43. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders 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 is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 62.11%.

Insider Activity

In other news, major shareholder Gmt Capital Corp acquired 31,800 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of $37.31 per share, for a total transaction of $1,186,458.00. Following the transaction, the insider now owns 2,484,000 shares in the company, valued at approximately $92,678,040. This trade represents a 1.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 296,700 shares of company stock worth $11,793,199 over the last 90 days. 1.40% of the stock is owned by company insiders.

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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