Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Gmt Capital Corp Buys 35,607 Shares

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp acquired 35,607 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was purchased at an average price of $42.77 per share, for a total transaction of $1,522,911.39. Following the completion of the acquisition, the insider now owns 2,780,700 shares in the company, valued at approximately $118,930,539. This trade represents a 1.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Tuesday, April 29th, Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average cost of $41.84 per share, with a total value of $2,217,520.00.
• On Friday, April 25th, Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average cost of $43.03 per share, with a total value of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average price of $43.84 per share, for a total transaction of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average cost of $43.05 per share, with a total value of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average price of $37.31 per share, with a total value of $1,186,458.00.
• On Friday, April 4th, Gmt Capital Corp bought 105,900 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average price of $35.94 per share, with a total value of $3,806,046.00.

Cracker Barrel Old Country Store Trading Up 0.0 %

NASDAQ:CBRL opened at $42.76 on Tuesday. The stock has a fifty day simple moving average of $41.33 and a 200 day simple moving average of $48.79. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $951.97 million, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $65.43.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 62.11%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CBRL shares. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their target price for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Loop Capital reduced their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, Citigroup lifted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.13.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 63.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator’s stock worth $951,000 after acquiring an additional 6,993 shares during the last quarter. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth about $11,711,000. Total Clarity Wealth Management Inc. bought a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $256,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cracker Barrel Old Country Store by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator’s stock valued at $906,000 after purchasing an additional 2,531 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.