Jaffetilchin Investment Partners LLC Buys 47,843 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Jaffetilchin Investment Partners LLC lifted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 52,574.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,934 shares of the restaurant operator's stock after buying an additional 47,843 shares during the period. Jaffetilchin Investment Partners LLC owned about 0.22% of Cracker Barrel Old Country Store worth $2,534,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $56,000. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC grew its stake in Cracker Barrel Old Country Store by 142.8% in the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $213,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBRL. Citigroup upped their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Loop Capital lowered their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Finally, Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Stock Down 1.6 %

Shares of Cracker Barrel Old Country Store stock traded down $0.68 during trading hours on Wednesday, hitting $42.63. 413,628 shares of the company's stock traded hands, compared to its average volume of 824,748. 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, Inc. has a twelve month low of $33.86 and a twelve month high of $65.43. The stock has a 50 day simple moving average of $42.98 and a 200-day simple moving average of $49.03. The company has a market cap of $949.07 million, a PE ratio of 23.55, a PEG ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.35%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 62.11%.

Insider Activity

In related news, major shareholder Gmt Capital Corp purchased 105,900 shares of the company's stock in a transaction on Friday, April 4th. The shares were bought at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the acquisition, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This represents a 4.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

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.