Insider Buying: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Acquires 31,800 Shares of Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp bought 31,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following the acquisition, the insider now owns 2,484,000 shares of the company’s stock, valued at $92,678,040. This trade represents a 1.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 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 Friday, April 4th, Gmt Capital Corp acquired 105,900 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average cost of $35.94 per share, for a total transaction of $3,806,046.00.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $40.97 on Friday. The stock has a market cap of $912.12 million, a price-to-earnings ratio of 22.64, a PEG ratio of 8.36 and a beta of 1.39. The firm’s 50-day simple moving average is $43.63 and its 200 day simple moving average is $49.07. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently made changes to their positions in CBRL. Public Employees Retirement System of Ohio raised its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd 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 during the period. Captrust Financial Advisors raised its stake in shares of Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after buying an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 valued at $666,000 after buying an additional 417 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Cracker Barrel Old Country Store by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock worth $707,000 after acquiring an additional 754 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRL has been the subject of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. 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. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Loop Capital reduced their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Two 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.13.

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.