Comerica Bank Has $786,000 Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Comerica Bank reduced its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,864 shares of the restaurant operator’s stock after selling 871 shares during the quarter. Comerica Bank’s holdings in Cracker Barrel Old Country Store were worth $786,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its holdings in shares of Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after buying an additional 462,542 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $11,711,000. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 106,440 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $4,597,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock worth $18,584,000 after purchasing an additional 50,905 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Up 4.9%

Shares of Cracker Barrel Old Country Store stock opened at $54.19 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $41.96 and a two-hundred day moving average price of $48.77. The stock has a market capitalization of $1.21 billion, a P/E ratio of 29.94, a PEG ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 31,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average cost of $37.31 per share, for a total transaction 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 trade represents a 1.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 385,307 shares of company stock worth $15,679,910. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup raised their price target on shares of 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. Loop Capital cut 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 report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Company 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.