Northern Trust Corp Has $13.02 Million Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Northern Trust Corp lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,227 shares of the restaurant operator's stock after acquiring an additional 15,897 shares during the quarter. Northern Trust Corp owned approximately 1.11% of Cracker Barrel Old Country Store worth $13,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRL. Marshall Wace LLP grew its stake in Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after acquiring an additional 462,542 shares during the period. Cibc World Market Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $11,711,000. Charles Schwab Investment Management Inc. grew its stake in Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock valued at $62,452,000 after acquiring an additional 106,440 shares during the period. Raymond James Financial Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $4,597,000. Finally, Dimensional Fund Advisors LP grew its stake in Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock valued at $18,584,000 after acquiring an additional 50,905 shares during the period. Institutional investors own 96.01% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 31,800 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following the purchase, the insider now directly owns 2,484,000 shares in the company, valued at approximately $92,678,040. The trade was a 1.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 385,307 shares of company stock worth $15,679,910 in the last 90 days. Company insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock traded down $1.64 during mid-day trading on Monday, reaching $55.54. 1,557,032 shares of the company were exchanged, compared to its average volume of 820,539. The company has a fifty day simple moving average of $42.77 and a 200-day simple moving average of $48.93. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.86 and a 12 month high of $65.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm has a market cap of $1.24 billion, a PE ratio of 30.69, a PEG ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their price target for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital reduced 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 report on Friday, March 7th. Finally, Citigroup increased their price target 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.