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

Parvin Asset Management LLC bought 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 filing with the Securities and Exchange Commission. The institutional investor bought 7,620 shares of the restaurant operator's stock, valued at approximately $403,000.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of Cracker Barrel Old Country Store by 30.3% during the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock worth $280,000 after acquiring an additional 1,498 shares during the period. GAMMA Investing LLC lifted its stake 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 acquiring an additional 1,394 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Cracker Barrel Old Country Store by 63.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock worth $951,000 after acquiring an additional 6,993 shares during the period. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at $11,711,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $256,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRL has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their price target for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.13.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 105,900 shares of the company's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the acquisition, the insider now owns 2,452,200 shares in the company, valued at $88,132,068. The trade was a 4.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 296,700 shares of company stock worth $11,793,199. Corporate insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Stock Up 0.7 %

Shares of Cracker Barrel Old Country Store stock traded up $0.28 on Monday, reaching $43.02. 268,615 shares of the company were exchanged, compared to its average volume of 834,343. The stock's 50 day moving average price is $41.39 and its 200-day moving average price is $48.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $65.43. The company has a market cap of $957.75 million, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 62.11%.

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.