Alliancebernstein L.P. Sells 1,578 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Alliancebernstein L.P. decreased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,887 shares of the restaurant operator’s stock after selling 1,578 shares during the period. Alliancebernstein L.P.’s holdings in Cracker Barrel Old Country Store were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. grew its stake in Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after purchasing an additional 106,440 shares during the period. Raymond James Financial Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter worth $4,597,000. Norges Bank purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at $2,470,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cracker Barrel Old Country Store by 56.4% during the 4th quarter. JPMorgan Chase & Co. now owns 48,167 shares of the restaurant operator’s stock valued at $2,546,000 after buying an additional 17,368 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $43.57 on Friday. 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 1-year low of $33.86 and a 1-year high of $65.43. The company has a market cap of $970.00 million, a PE ratio of 24.07, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. The stock’s 50 day simple moving average is $42.48 and its 200-day simple moving average is $48.98.

Cracker Barrel Old Country Store Dividend Announcement

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

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 company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average price of $43.05 per share, with a total value of $1,140,825.00. Following the purchase, 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 transaction 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 90 days. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of recent research reports. Loop Capital lowered their price objective on 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. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Citigroup increased 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 report on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. 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, the company has an average rating of “Hold” and an average target price of $57.13.

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.