Parvin Asset Management LLC Acquires Shares of 7,620 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Parvin Asset Management LLC acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,620 shares of the restaurant operator's stock, valued at approximately $403,000.

A number of other hedge funds also recently bought and sold shares of CBRL. Marshall Wace LLP raised its holdings in Cracker Barrel Old Country Store by 151.9% in the 4th 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 last quarter. Cibc World Market Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after buying an additional 106,440 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $4,597,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cracker Barrel Old Country Store by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after buying an additional 50,905 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp acquired 105,900 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the transaction, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 243,700 shares of company stock valued at $9,575,679 in the last 90 days. Company insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $41.96 on Wednesday. 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 52 week low of $33.86 and a 52 week high of $65.43. The stock has a market capitalization of $934.16 million, a PE ratio of 23.18, a P/E/G ratio of 8.36 and a beta of 1.39. The firm has a 50 day moving average of $41.61 and a two-hundred day moving average of $48.91.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.38%. Cracker Barrel Old Country Store's dividend payout ratio is presently 62.11%.

Analysts Set New Price Targets

CBRL has been the subject of a number of recent analyst reports. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their price target for the stock from $51.00 to $55.00 in a report on Monday, March 10th. StockNews.com upgraded shares of 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 objective on shares of 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 objective 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and a consensus price target of $57.13.

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.

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