Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Gmt Capital Corp Buys 53,000 Shares

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp bought 53,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were acquired at an average price of $41.84 per share, with a total value of $2,217,520.00. Following the transaction, the insider now directly owns 2,674,800 shares of the company’s stock, valued at approximately $111,913,632. This trade represents a 2.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was acquired 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 acquired at an average cost of $43.84 per share, for a total transaction of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp bought 26,500 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average price of $43.05 per share, with a total value of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp bought 31,800 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average price of $37.31 per share, for a total transaction 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 purchased at an average cost of $35.94 per share, for a total transaction of $3,806,046.00.

Cracker Barrel Old Country Store Trading Up 0.2 %

NASDAQ CBRL opened at $42.74 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The company has a fifty day simple moving average of $41.39 and a two-hundred day simple moving average of $48.84. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a market cap of $951.52 million, a P/E ratio of 23.61, a P/E/G ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 62.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $52,000 after purchasing an additional 913 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $56,000. Finally, GAMMA Investing LLC lifted its stake in shares of Cracker Barrel Old Country Store by 142.8% in the 4th 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 during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup raised their price target 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 shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital cut their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $57.13.

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.