Gmt Capital Corp Acquires 35,607 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp purchased 35,607 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $42.77 per share, for a total transaction of $1,522,911.39. Following the completion of the purchase, the insider now owns 2,780,700 shares of the company’s stock, valued at approximately $118,930,539. This trade represents a 1.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Tuesday, April 29th, Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average price of $41.84 per share, with a total value of $2,217,520.00.
• On Friday, April 25th, Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $43.03 per share, for a total transaction of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp purchased 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average cost of $43.84 per share, with a total value of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $43.05 per share, for a total transaction 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 purchased 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 purchased 105,900 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average price of $35.94 per share, for a total transaction of $3,806,046.00.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $42.71 on Wednesday. The company has a market capitalization of $950.85 million, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company’s 50-day moving average is $41.27 and its 200 day moving average is $48.75.

Cracker Barrel Old Country Store Dividend Announcement

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

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $25,000. Sterling Capital Management LLC increased its position in shares of 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 valued at $29,000 after buying an additional 487 shares during the period. Smartleaf Asset Management LLC grew its stake in Cracker Barrel Old Country Store by 1,601.8% during 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. purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $56,000. Finally, GAMMA Investing LLC increased its holdings in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 1,394 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CBRL. Citigroup upped their target price 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. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. 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. Loop Capital dropped their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target 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.