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 the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the transaction, the insider directly owned 2,240,200 shares in the company, valued at approximately $57,259,512. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, December 23rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.03, for a total transaction of $1,103,672.00.
• On Friday, December 19th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was 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 stock was 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 transaction 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 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 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 Price Performance

Shares of NASDAQ CBRL opened at $25.40 on Friday. The company has a market capitalization of $567.18 million, a price-to-earnings ratio of 33.87 and a beta of 1.27. Cracker Barrel Old Country Store, Inc. has a twelve month low of $24.85 and a twelve month high of $71.93. The business has a 50 day simple moving average of $28.75 and a 200-day simple moving average of $45.95. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $806.71 million. During the same period last year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of research firms recently weighed in on CBRL. Citigroup dropped their price objective on shares of Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating on the stock in a report on Wednesday, December 10th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, December 11th. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 20th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research report on Wednesday, December 10th. Finally, Piper Sandler decreased their price target on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $35.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in Cracker Barrel Old Country Store by 1,068.2% in the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after acquiring an additional 1,117,617 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the last quarter. GMT Capital Corp lifted its stake in Cracker Barrel Old Country Store by 39.7% during the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after purchasing an additional 805,100 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store during the second quarter valued at approximately $43,930,000. Finally, Woodline Partners LP boosted its holdings in Cracker Barrel Old Country Store by 340.8% during the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock worth $12,919,000 after buying an additional 257,301 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

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.