Deutsche Bank AG Purchases 6,203 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Deutsche Bank AG raised its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,855 shares of the restaurant operator’s stock after purchasing an additional 6,203 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Cracker Barrel Old Country Store worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% in the 4th 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 period. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 913 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $56,000. Empowered Funds LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $213,000. Finally, Connable Office Inc. purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $215,000. Institutional investors own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CBRL. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Citigroup boosted their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $42.00 and gave the company a “sell” rating in a research note on Friday. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Loop Capital decreased their price target on shares of 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.86.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $56.69 on Monday. 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 company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock has a market cap of $1.26 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. The firm’s fifty day moving average price is $44.26 and its 200-day moving average price is $49.20.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 62.11%.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp bought 105,900 shares of the company’s stock in a transaction that occurred on 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 acquisition, the insider now directly owns 2,452,200 shares of the company’s stock, valued at $88,132,068. The trade was a 4.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 385,307 shares of company stock valued at $15,679,910 over the last quarter. 1.40% of the stock is owned by corporate insiders.

About Cracker Barrel Old Country Store

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.