Towle & Co. Purchases Shares of 256,809 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Towle & Co. bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 256,809 shares of the restaurant operator’s stock, valued at approximately $13,575,000. Cracker Barrel Old Country Store accounts for about 2.3% of Towle & Co.’s investment portfolio, making the stock its 20th biggest position. Towle & Co. owned 1.15% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $56,000. Occudo Quantitative Strategies LP bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $207,000. Finally, Empowered Funds LLC bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $213,000. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CBRL shares. Citigroup lifted 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 note on Friday, March 7th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. 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. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $52.43.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $57.18 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 current ratio of 0.69 and a quick ratio of 0.24. The firm has a market capitalization of $1.27 billion, a P/E ratio of 31.59, a P/E/G ratio of 8.36 and a beta of 1.36. The company’s 50 day moving average price is $42.77 and its two-hundred day moving average price is $48.93.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 105,900 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the acquisition, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This trade represents a 4.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 385,307 shares of company stock worth $15,679,910 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.