Cracker Barrel Old Country Store (NASDAQ:CBRL) Major Shareholder Gmt Capital Corp Sells 42,400 Shares of Stock

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 10th. The shares were sold at an average price of $26.13, for a total transaction of $1,107,912.00. Following the completion of the sale, the insider directly owned 2,494,600 shares of the company’s stock, valued at $65,183,898. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.

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

• On Monday, December 8th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.89, for a total transaction of $1,140,136.00.
• On Wednesday, December 3rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $28.60, for a total transaction of $1,212,640.00.
• 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 Trading Down 3.2%

Shares of NASDAQ:CBRL opened at $27.33 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.21 and a current ratio of 0.51. The stock has a market capitalization of $610.28 million, a price-to-earnings ratio of 36.44 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a 1-year low of $25.25 and a 1-year high of $71.93. The company has a 50 day moving average price of $32.62 and a 200 day moving average price of $48.92.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.04. The company had revenue of $797.19 million for the quarter, compared to analysts’ expectations of $806.71 million. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be given a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of analyst reports. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday. Piper Sandler decreased their target price on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday. Truist Financial dropped their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reduced their price objective on Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Monday. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $36.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator’s stock worth $1,214,000 after purchasing an additional 311 shares in the last quarter. Parvin Asset Management LLC increased its holdings in Cracker Barrel Old Country Store by 4.4% in the second quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock worth $507,000 after buying an additional 350 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cracker Barrel Old Country Store by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock worth $349,000 after buying an additional 389 shares during the last quarter. Assetmark Inc. raised its position in Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 419 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Cracker Barrel Old Country Store by 7.2% in the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock valued at $276,000 after acquiring an additional 419 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.