Marshall Wace LLP Boosts Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Marshall Wace LLP raised its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 151.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 767,006 shares of the restaurant operator’s stock after buying an additional 462,542 shares during the period. Marshall Wace LLP’s holdings in Cracker Barrel Old Country Store were worth $40,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC lifted 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 valued at $29,000 after acquiring an additional 487 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th 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 during the period. Lee Danner & Bass Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $56,000. Public Employees Retirement System of Ohio boosted its holdings in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after buying an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Cracker Barrel Old Country Store by 142.8% during 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 period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 26,500 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was bought at an average price of $43.05 per share, for a total transaction of $1,140,825.00. Following the acquisition, the insider now owns 2,542,300 shares in the company, valued at approximately $109,446,015. The trade was a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 164,200 shares of company stock valued at $6,133,329. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 3.3 %

NASDAQ CBRL opened at $43.57 on Friday. The business has a fifty day moving average price of $42.48 and a 200 day moving average price of $48.98. 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 market cap of $970.00 million, a P/E ratio of 24.07, a P/E/G ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a one year low of $33.86 and a one year high of $65.43.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Wall Street Analyst Weigh In

CBRL has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, March 7th. 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 research report on Friday, March 7th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their target price for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and an average 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.