Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Holdings Increased by Stifel Financial Corp

Stifel Financial Corp boosted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 62.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 61,227 shares of the restaurant operator’s stock after acquiring an additional 23,585 shares during the period. Stifel Financial Corp’s holdings in Cracker Barrel Old Country Store were worth $3,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $56,000. GAMMA Investing LLC raised its stake 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 worth $125,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $213,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Insider Activity

In related news, major shareholder Gmt Capital Corp bought 105,900 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $35.94 per share, for a total transaction of $3,806,046.00. Following the purchase, the insider now directly owns 2,452,200 shares in the company, valued at $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders acquired 296,700 shares of company stock valued at $11,793,199. 1.40% of the stock is owned by company insiders.

Cracker Barrel Old Country Store Trading Up 0.2 %

Cracker Barrel Old Country Store stock opened at $42.74 on Friday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $33.86 and a 52 week 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 firm has a market capitalization of $951.52 million, a PE ratio of 23.61, a PEG ratio of 8.36 and a beta of 1.39. The business’s 50-day simple moving average is $41.39 and its 200-day simple moving average is $48.84.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CBRL shares. Citigroup raised 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 research report on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Finally, Loop Capital lowered their price objective on 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.13.

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.