Twinbeech Capital LP Makes New Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Twinbeech Capital LP acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,268 shares of the restaurant operator's stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBRL. Two Sigma Advisers LP grew its stake in shares of Cracker Barrel Old Country Store by 47.4% in the 4th quarter. Two Sigma Advisers LP now owns 98,302 shares of the restaurant operator's stock worth $5,196,000 after buying an additional 31,600 shares in the last quarter. Two Sigma Investments LP grew its holdings in Cracker Barrel Old Country Store by 4.0% during the 4th quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock worth $15,050,000 after acquiring an additional 11,068 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Cracker Barrel Old Country Store by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 6,669 shares of the restaurant operator's stock worth $353,000 after buying an additional 2,052 shares during the period. Occudo Quantitative Strategies LP purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $207,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cracker Barrel Old Country Store by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock valued at $666,000 after acquiring an additional 417 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 31,800 shares of the stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of $37.31 per share, with a total value of $1,186,458.00. Following the completion of the transaction, the insider now owns 2,484,000 shares in the company, valued at $92,678,040. This represents a 1.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 385,307 shares of company stock worth $15,679,910 in the last quarter. 1.40% of the stock is owned by company insiders.

Cracker Barrel Old Country Store Stock Up 3.2%

Shares of NASDAQ:CBRL traded up $1.80 during trading on Tuesday, hitting $58.49. The company's stock had a trading volume of 524,990 shares, compared to its average volume of 813,868. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The business has a 50 day moving average price of $44.56 and a two-hundred day moving average price of $49.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company has a market capitalization of $1.30 billion, a PE ratio of 32.35, a P/E/G ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.71%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 62.11%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBRL. Citigroup reiterated a "sell" rating and issued a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday. Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital lowered their price target 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. Finally, Truist Financial set a $63.00 price target on shares of Cracker Barrel Old Country Store in a research report on Friday. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $54.00.

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.