Norges Bank Invests $2.47 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Norges Bank bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 46,735 shares of the restaurant operator’s stock, valued at approximately $2,470,000.

Several other institutional investors have also bought and sold shares of the stock. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $11,711,000. Charles Schwab Investment Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock valued at $62,452,000 after purchasing an additional 106,440 shares during the last quarter. Good Life Advisors LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $404,000. Total Clarity Wealth Management Inc. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $256,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $704,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $40.97 on Friday. The company has a market cap of $912.12 million, a PE ratio of 22.64, a PEG ratio of 8.36 and a beta of 1.39. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43. The company’s 50-day moving average is $43.63 and its two-hundred day moving average is $49.07.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed 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 is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.44%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.

Analyst Ratings Changes

CBRL has been the topic of several recent analyst reports. Citigroup boosted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Loop Capital dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.13.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 31,800 shares of the business’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of $37.31 per share, with a total value of $1,186,458.00. Following the completion of the purchase, the insider now owns 2,484,000 shares of the company’s stock, valued at $92,678,040. This represents a 1.30 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.