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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $26.03, for a total transaction of $1,103,672.00. Following the completion of the transaction, the insider directly owned 2,282,600 shares of the company’s stock, valued at $59,416,078. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, December 19th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.37, for a total value of $1,118,088.00.
• 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 stock was sold at an average price of $26.89, for a total value of $1,140,136.00.
• On Wednesday, December 3rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $28.60, for a total value 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 value of $2,384,305.00.

Cracker Barrel Old Country Store Stock Down 2.4%

CBRL stock opened at $25.33 on Tuesday. The company’s 50 day moving average price is $29.45 and its 200 day moving average price is $46.43. The firm has a market capitalization of $565.62 million, a price-to-earnings ratio of 33.77 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $71.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The company had revenue of $797.19 million during the quarter, compared to analysts’ expectations of $806.71 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio is 133.33%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $26,000. Assetmark Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 419 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Russell Investments Group Ltd. raised its stake in Cracker Barrel Old Country Store by 360.2% during 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 during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

CBRL has been the subject of several analyst reports. Zacks Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, December 11th. Argus reduced their price objective on shares of 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. Truist Financial dropped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, Citigroup cut their price target on shares of Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating on the stock in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Reduce” and a consensus price target of $35.25.

Cracker Barrel Old Country Store Company Profile

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.