Insider Buying: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Purchases $2,217,520.00 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp acquired 53,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $41.84 per share, for a total transaction of $2,217,520.00. Following the completion of the acquisition, the insider now directly owns 2,674,800 shares of the company’s stock, valued at approximately $111,913,632. The trade was a 2.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Friday, April 25th, Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock. The shares were purchased at an average price of $43.03 per share, for a total transaction of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average price of $43.84 per share, with a total value of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp bought 26,500 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average price of $43.05 per share, for a total transaction of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock. The shares were 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 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 Stock Up 0.2 %

Cracker Barrel Old Country Store stock opened at $42.74 on Friday. The stock has a market capitalization of $951.52 million, a PE ratio of 23.61, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.86 and a 12 month high of $65.43. The business has a 50 day simple moving average of $41.39 and a 200-day simple moving average of $48.85. 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 Dividend Announcement

The business also recently disclosed 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 2.34%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 62.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital decreased 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 report on Friday, March 7th. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Citigroup upped their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.13.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position 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 purchasing an additional 487 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $56,000. Finally, GAMMA Investing LLC increased its position 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 worth $125,000 after purchasing an additional 1,394 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.