Insider Selling: Cracker Barrel Old Country Store (NASDAQ:CBRL) Major Shareholder 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 business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $26.89, for a total value of $1,140,136.00. Following the completion of the transaction, the insider directly owned 2,579,400 shares of the company’s stock, valued at $69,360,066. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 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 shares were sold at an average price of $28.15, for a total transaction of $2,384,305.00.

Cracker Barrel Old Country Store Trading Up 3.1%

Shares of CBRL traded up $0.83 during midday trading on Wednesday, hitting $27.83. 5,508,391 shares of the stock were exchanged, compared to its average volume of 1,229,785. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. Cracker Barrel Old Country Store, Inc. has a 52-week low of $25.25 and a 52-week high of $71.93. The firm has a market cap of $619.77 million, a P/E ratio of 13.49 and a beta of 1.24. The stock has a fifty day simple moving average of $33.59 and a 200 day simple moving average of $49.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $845.09 million during the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders 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 yield of 3.6%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 48.31%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its position in Cracker Barrel Old Country Store by 17.0% in the 1st quarter. Invesco Ltd. now owns 199,396 shares of the restaurant operator’s stock valued at $7,741,000 after buying an additional 28,966 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Cracker Barrel Old Country Store by 27.7% during the 1st quarter. Public Sector Pension Investment Board now owns 70,595 shares of the restaurant operator’s stock worth $2,740,000 after purchasing an additional 15,323 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 922 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store in the first quarter valued at approximately $48,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at approximately $1,176,000. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CBRL shares. UBS Group lowered their price objective on Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday. Argus reduced their price objective on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Bank of America dropped their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a research note on Thursday, September 18th. Finally, Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Reduce” and a consensus target price of $36.88.

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.