Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Position Increased by Invesco Ltd.

Invesco Ltd. increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,430 shares of the restaurant operator’s stock after acquiring an additional 22,313 shares during the period. Invesco Ltd. owned approximately 0.77% of Cracker Barrel Old Country Store worth $9,009,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. MML Investors Services LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $213,000. Franklin Resources Inc. boosted its position in shares of Cracker Barrel Old Country Store by 30.3% in the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock valued at $280,000 after acquiring an additional 1,498 shares during the period. GAMMA Investing LLC increased 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 worth $125,000 after purchasing an additional 1,394 shares during the period. Nisa Investment Advisors LLC raised its stake 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 valued at $951,000 after purchasing an additional 6,993 shares in the last quarter. Finally, Cibc World Market Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter worth $11,711,000. Institutional investors own 96.01% of the company’s stock.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 26,500 shares of the stock in a transaction on Wednesday, April 16th. The stock was purchased at an average price of $43.05 per share, for a total transaction of $1,140,825.00. Following the transaction, the insider now owns 2,542,300 shares of the company’s stock, valued at $109,446,015. The trade was a 1.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 164,200 shares of company stock valued at $6,133,329 over the last ninety days. 1.40% of the stock is owned by insiders.

Cracker Barrel Old Country Store Trading Down 1.3 %

CBRL stock opened at $43.98 on Thursday. The business has a fifty day moving average price of $42.03 and a 200 day moving average price of $48.90. 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 fifty-two week low of $33.86 and a fifty-two week high of $65.43. The stock has a market capitalization of $979.13 million, a price-to-earnings ratio of 24.30, a P/E/G ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. Cracker Barrel Old Country Store’s dividend payout ratio is 62.11%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CBRL shares. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Citigroup increased their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, March 7th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Finally, Loop Capital cut their target price on 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.