Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Gmt Capital Corp Purchases 105,900 Shares

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp bought 105,900 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the purchase, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Cracker Barrel Old Country Store Price Performance

CBRL stock traded down $1.54 during mid-day trading on Tuesday, reaching $35.11. The company’s stock had a trading volume of 1,154,959 shares, compared to its average volume of 825,693. The company’s 50 day moving average is $46.69 and its two-hundred day moving average is $49.34. The stock has a market cap of $781.65 million, a PE ratio of 19.40, a P/E/G ratio of 8.36 and a beta of 1.39. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $66.93.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 62.11%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. Captrust Financial Advisors lifted its stake in Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cracker Barrel Old Country Store by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after acquiring an additional 417 shares in the last quarter. Sterling Capital Management LLC grew its position in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 487 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock worth $707,000 after purchasing an additional 754 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.