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 stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $26.13, for a total transaction of $1,107,912.00. Following the completion of the transaction, the insider directly owned 2,409,800 shares of the company’s stock, valued at $62,968,074. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 Wednesday, December 10th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.13, for a total transaction of $1,107,912.00.
• 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 value 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 Up 2.6%

Shares of CBRL traded up $0.69 on Thursday, reaching $27.42. 843,663 shares of the company’s stock were exchanged, compared to its average volume of 1,258,274. The business has a 50 day moving average price of $31.65 and a two-hundred day moving average price of $48.18. The stock has a market capitalization of $612.20 million, a P/E ratio of 36.46 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a 12 month low of $25.25 and a 12 month high of $71.93. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93.

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 for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.04. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The company had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. During the same quarter in the prior year, the business posted $0.45 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Research analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 133.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CBRL shares. Wall Street Zen cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Citigroup dropped their price target on Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating on the stock in a research note on Wednesday, December 10th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company reduced their target price on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $36.88.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently modified their holdings of the business. GMT Capital Corp bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at $78,750,000. Alliancebernstein L.P. grew its stake in shares of Cracker Barrel Old Country Store by 1,068.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. boosted its position in Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Cracker Barrel Old Country Store in the second quarter worth about $43,930,000. Finally, Woodline Partners LP raised its position in shares of Cracker Barrel Old Country Store by 340.8% in the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock valued at $12,919,000 after purchasing an additional 257,301 shares during the period. 96.01% of the stock is currently owned by 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.