Crestline Management LP Has $245,000 Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Crestline Management LP lowered its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,636 shares of the restaurant operator’s stock after selling 363 shares during the period. Crestline Management LP’s holdings in Cracker Barrel Old Country Store were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Cracker Barrel Old Country Store by 685.9% in 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 during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 worth $52,000 after buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $56,000. Empowered Funds LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $213,000. Finally, Connable Office Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $215,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Insider Activity

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 105,900 shares of the stock in a transaction dated Friday, April 4th. The stock was bought 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 in the company, valued at $88,132,068. This represents a 4.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Loop Capital lowered their price target 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. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a 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. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Citigroup increased their price target 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $46.67 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The stock has a fifty day moving average price of $41.52 and a two-hundred day moving average price of $48.70. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $65.43. The firm has a market capitalization of $1.04 billion, a P/E ratio of 25.78, a P/E/G ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders 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 2.14%. Cracker Barrel Old Country Store’s dividend payout ratio 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.