Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,385 shares of the restaurant operator’s stock after selling 2,548 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Cracker Barrel Old Country Store were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC grew its position in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after buying an additional 487 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $56,000. GAMMA Investing LLC lifted its stake in Cracker Barrel Old Country Store by 142.8% in the fourth 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. Finally, Empowered Funds LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $213,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBRL. Citigroup boosted their target price on 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. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Loop Capital cut their target price 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, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $57.13.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $43.20 on Tuesday. Cracker Barrel Old Country Store, Inc. has a one year low of $33.86 and a one year high of $65.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company has a 50 day moving average price of $41.74 and a 200 day moving average price of $48.96. The firm has a market capitalization of $961.76 million, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

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

Insiders Place Their Bets

In other news, major shareholder Gmt Capital Corp bought 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, for a total transaction of $3,806,046.00. Following the completion of the purchase, the insider now owns 2,452,200 shares of the company’s stock, valued at $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 190,700 shares of company stock worth $7,295,089 over the last ninety days. 1.40% of the stock is owned by company insiders.

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.