Insider Buying: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Buys 26,500 Shares of Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp purchased 26,500 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were purchased at an average price of $43.05 per share, with a total value of $1,140,825.00. Following the acquisition, the insider now directly owns 2,542,300 shares in the company, valued at $109,446,015. This represents a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% 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 Wednesday, April 9th, Gmt Capital Corp bought 31,800 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average cost of $37.31 per share, with a total value of $1,186,458.00.
• On Friday, April 4th, Gmt Capital Corp acquired 105,900 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average price of $35.94 per share, with a total value of $3,806,046.00.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock opened at $43.57 on Friday. The company’s 50-day simple moving average is $42.30 and its two-hundred day simple moving average is $48.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store, Inc. has a one year low of $33.86 and a one year high of $65.43. The company has a market capitalization of $970.00 million, a P/E ratio of 24.07, a P/E/G ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CBRL shares. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Citigroup raised 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 note on Friday, March 7th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Loop Capital lowered their price target 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, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.13.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 685.9% in the fourth 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. Smartleaf Asset Management LLC increased its position in Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $56,000. Public Employees Retirement System of Ohio lifted its position 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. Finally, GAMMA Investing LLC boosted its stake in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 1,394 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other 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.