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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $26.13, for a total value of $1,107,912.00. Following the completion of the sale, the insider owned 2,494,600 shares of the company’s stock, valued at approximately $65,183,898. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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 stock was 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 shares were sold at an average price of $28.15, for a total value of $2,384,305.00.

Cracker Barrel Old Country Store Stock Down 1.5%

Cracker Barrel Old Country Store stock traded down $0.42 during midday trading on Friday, hitting $27.81. 1,029,634 shares of the company were exchanged, compared to its average volume of 1,247,623. The company has a market cap of $621.09 million, a PE ratio of 37.21 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $71.93. The company’s fifty day moving average price is $32.96 and its 200-day moving average price is $49.12. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $806.71 million. During the same quarter last year, the company earned $0.45 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. Cracker Barrel Old Country Store’s payout ratio is currently 48.31%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday. Truist Financial lowered their price objective on 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. Wall Street Zen lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 20th. Finally, Bank of America reduced their target price on 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. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Reduce” and a consensus price target of $36.88.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the third quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $30,000. Assetmark Inc. raised its stake in 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 acquiring an additional 419 shares during the period. Canada Pension Plan Investment Board bought a new position in Cracker Barrel Old Country Store in the second quarter worth about $37,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Cracker Barrel Old Country Store by 360.2% during the first 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. 96.01% of the stock is currently owned by institutional investors.

About Cracker Barrel Old Country Store

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.