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 company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $28.60, for a total transaction of $1,212,640.00. Following the completion of the transaction, the insider owned 2,706,600 shares in the company, valued at $77,408,760. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gmt Capital Corp also recently made the following trade(s):

• 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 transaction of $2,384,305.00.

Cracker Barrel Old Country Store Stock Down 1.2%

Shares of NASDAQ CBRL opened at $28.04 on Friday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $25.62 and a 52-week high of $71.93. The firm has a market capitalization of $624.45 million, a price-to-earnings ratio of 13.54 and a beta of 1.24. The stock has a 50 day moving average price of $34.65 and a 200 day moving average price of $50.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. The business had revenue of $845.09 million during the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. Sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 48.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America reduced their price objective on shares of 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday. UBS Group reduced their price target on Cracker Barrel Old Country Store from $48.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler dropped their price objective on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Finally, Zacks Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Reduce” and a consensus price target of $42.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $30,000. Assetmark Inc. raised its position in shares of Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 419 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Finally, Russell Investments Group Ltd. increased its stake in Cracker Barrel Old Country Store by 360.2% during the 1st 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 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.