GAMMA Investing LLC Has $125,000 Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

GAMMA Investing LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 142.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,370 shares of the restaurant operator’s stock after purchasing an additional 1,394 shares during the period. GAMMA Investing LLC’s holdings in Cracker Barrel Old Country Store were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRL. Marshall Wace LLP acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth about $25,636,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after purchasing an additional 111,892 shares in the last quarter. Maverick Capital Ltd. acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $4,498,000. Verition Fund Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after purchasing an additional 78,816 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $2,526,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Trading Up 1.8 %

Cracker Barrel Old Country Store stock opened at $57.28 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.15 and a beta of 1.45. The firm has a 50-day moving average of $51.72 and a 200-day moving average of $45.77. 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 one year low of $34.88 and a one year high of $82.98.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CBRL shares. Truist Financial lifted their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Loop Capital boosted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Piper Sandler boosted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, November 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.25.

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.