JPMorgan Chase & Co. Acquires 17,368 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

JPMorgan Chase & Co. lifted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,167 shares of the restaurant operator's stock after acquiring an additional 17,368 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Cracker Barrel Old Country Store worth $2,546,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $56,000. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after purchasing an additional 1,394 shares during the period. Franklin Resources Inc. boosted its position in Cracker Barrel Old Country Store by 30.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock valued at $280,000 after purchasing an additional 1,498 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in 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 during the period. Institutional investors and hedge funds own 96.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CBRL. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Citigroup increased their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a research note on Friday, March 7th. Loop Capital decreased 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 research note on Friday, March 7th. Finally, Truist Financial raised 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 note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target of $57.13.

Cracker Barrel Old Country Store Trading Down 0.3 %

Shares of NASDAQ CBRL traded down $0.14 during mid-day trading on Monday, hitting $43.20. 533,953 shares of the company traded hands, compared to its average volume of 830,821. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43. The stock has a market capitalization of $961.76 million, a price-to-earnings ratio of 23.87, a PEG ratio of 8.36 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $41.74 and a two-hundred day moving average of $48.96.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is 62.11%.

Insider Activity

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 105,900 shares of Cracker Barrel Old Country Store stock in a transaction that occurred 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 purchase, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. The trade was a 4.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 190,700 shares of company stock valued at $7,295,089 over the last three months. 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.