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 company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 2,240,200 shares in the company, valued at $57,259,512. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 shares were 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 shares were sold at an average price of $26.37, for a total transaction 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 transaction 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 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 Up 1.2%

Shares of NASDAQ CBRL traded up $0.29 during trading on Wednesday, reaching $25.31. The company had a trading volume of 1,161,332 shares, compared to its average volume of 1,274,531. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $71.93. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average is $29.20 and its 200 day moving average is $46.24. The stock has a market cap of $565.12 million, a PE ratio of 33.74 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced 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. The company had revenue of $797.19 million for the quarter, compared to analysts’ expectations 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 revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

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 of this dividend is Friday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 133.33%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 922 shares during the period. AlphaQuest LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth $122,000. Jump Financial LLC bought a new position in Cracker Barrel Old Country Store in the 1st quarter worth $389,000. Comerica Bank lifted its position in Cracker Barrel Old Country Store by 7.8% during the first quarter. Comerica Bank now owns 16,018 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Cracker Barrel Old Country Store during the first quarter valued at $4,795,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRL has been the topic of several recent analyst reports. Piper Sandler cut their target price on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 10th. Wells Fargo & Company dropped their price objective on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Finally, Truist Financial reduced their price target 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. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Reduce” and a consensus target price 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.