Gmt Capital Corp Sells 42,400 Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $26.37, for a total value of $1,118,088.00. Following the completion of the sale, the insider owned 2,325,000 shares in the company, valued at approximately $61,310,250. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gmt Capital Corp also recently made the following trade(s):

• On Tuesday, December 16th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.13, for a total value of $1,107,912.00.
• On Wednesday, December 10th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.13, for a total value of $1,107,912.00.
• On Monday, December 8th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.89, for a total transaction of $1,140,136.00.
• On Wednesday, December 3rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $28.60, for a total transaction of $1,212,640.00.
• On Tuesday, December 2nd, Gmt Capital Corp sold 84,700 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $28.15, for a total transaction of $2,384,305.00.

Cracker Barrel Old Country Store Trading Up 2.0%

Shares of CBRL opened at $26.26 on Thursday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $25.25 and a 1-year high of $71.93. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $30.23 and its 200-day moving average price is $47.14. The firm has a market capitalization of $586.27 million, a price-to-earnings ratio of 35.01 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.04. The business had revenue of $797.19 million during the quarter, compared to analyst estimates of $806.71 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. Cracker Barrel Old Country Store’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.8%. Cracker Barrel Old Country Store’s payout ratio is currently 133.33%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Cracker Barrel Old Country Store by 17.0% in the first quarter. Invesco Ltd. now owns 199,396 shares of the restaurant operator’s stock worth $7,741,000 after buying an additional 28,966 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Cracker Barrel Old Country Store by 360.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 922 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $30,000. Quantbot Technologies LP bought a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth $592,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth $876,000. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Argus lowered their price objective on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Wells Fargo & Company lowered their price target on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Truist Financial decreased their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Reduce” and a consensus price target of $35.25.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.