256,809 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by Towle & Co.

Towle & Co. acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 256,809 shares of the restaurant operator's stock, valued at approximately $13,575,000. Cracker Barrel Old Country Store comprises about 2.3% of Towle & Co.'s holdings, making the stock its 20th largest position. Towle & Co. owned approximately 1.15% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in Cracker Barrel Old Country Store by 63.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock valued at $951,000 after purchasing an additional 6,993 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $11,711,000. Total Clarity Wealth Management Inc. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $256,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cracker Barrel Old Country Store by 18.7% in 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 in the 4th quarter valued at $213,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 31,800 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were bought at an average price of $37.31 per share, with a total value of $1,186,458.00. Following the completion of the acquisition, the insider now owns 2,484,000 shares in the company, valued at approximately $92,678,040. This represents a 1.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have acquired 385,307 shares of company stock valued at $15,679,910. Insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL traded up $1.18 during trading hours on Thursday, reaching $55.93. The company's stock had a trading volume of 850,857 shares, compared to its average volume of 816,885. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The business has a 50-day simple moving average of $43.60 and a 200 day simple moving average of $49.08. 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 cap of $1.25 billion, a PE ratio of 30.90, a PEG ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders 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 yield of 1.79%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Analyst Ratings Changes

Several brokerages recently issued reports on CBRL. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Loop Capital lowered their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Citigroup increased 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 research report on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Finally, Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.43.

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.