Focus Partners Wealth Makes New Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Focus Partners Wealth acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,134 shares of the restaurant operator's stock, valued at approximately $1,064,000. Focus Partners Wealth owned about 0.09% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Cracker Barrel Old Country Store by 63.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock valued at $951,000 after acquiring an additional 6,993 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $11,711,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $256,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cracker Barrel Old Country Store by 18.7% during the 4th 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. Finally, Empowered Funds LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $213,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 105,900 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the acquisition, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This trade represents a 4.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is owned by corporate insiders.

Cracker Barrel Old Country Store Stock Down 2.3%

Shares of Cracker Barrel Old Country Store stock traded down $1.30 during trading hours on Wednesday, reaching $54.75. The company's stock had a trading volume of 780,552 shares, compared to its average volume of 818,495. Cracker Barrel Old Country Store, Inc. has a one year low of $33.86 and a one year high of $65.43. The company has a market capitalization of $1.22 billion, a P/E ratio of 30.25, a P/E/G ratio of 8.36 and a beta of 1.36. The stock's fifty day simple moving average is $43.31 and its two-hundred day simple moving average is $49.04. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Cracker Barrel Old Country Store's dividend payout ratio is presently 62.11%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CBRL shares. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their price target for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Loop Capital dropped their target price 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 report on Friday, March 7th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $52.43.

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.