86,965 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 86,965 shares of the restaurant operator’s stock, valued at approximately $4,597,000. Raymond James Financial Inc. owned 0.39% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRL. MML Investors Services LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $213,000. Franklin Resources Inc. raised its stake in shares of 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 worth $280,000 after purchasing an additional 1,498 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 1,394 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 63.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator’s stock valued at $951,000 after buying an additional 6,993 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $11,711,000. Hedge funds and other institutional investors 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 26,500 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average cost of $43.84 per share, for a total transaction of $1,161,760.00. Following the completion of the transaction, the insider now owns 2,568,800 shares in the company, valued at approximately $112,616,192. This trade represents a 1.04 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 190,700 shares of company stock valued at $7,295,089 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $43.34 on Friday. The firm’s 50-day moving average is $41.84 and its 200-day moving average is $48.89. The company has a market cap of $964.88 million, a price-to-earnings ratio of 23.94, a PEG ratio of 8.36 and a beta of 1.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $65.43.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared 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 of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.31%. Cracker Barrel Old Country Store’s dividend payout ratio is 62.11%.

Wall Street Analyst Weigh In

Several research firms have commented on CBRL. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. 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. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, Citigroup boosted 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 note on Friday, March 7th. Two 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. According to MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price 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.