Cracker Barrel Old Country Store (NASDAQ:CBRL) Major Shareholder Sells $2,384,305.00 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 84,700 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $28.15, for a total value of $2,384,305.00. Following the completion of the transaction, the insider owned 2,749,000 shares of the company’s stock, valued at approximately $77,384,350. This represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 3rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $28.60, for a total value of $1,212,640.00.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $27.83 on Friday. The firm has a 50 day moving average of $34.29 and a 200-day moving average of $49.87. The firm has a market capitalization of $619.77 million, a P/E ratio of 13.44 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a 12 month low of $25.62 and a 12 month high of $71.93. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73.

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

Cracker Barrel Old Country Store Dividend Announcement

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

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently made changes to their positions in the business. Assetmark Inc. raised its position in Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at about $37,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $30,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of research analyst reports. Citigroup decreased their target price on Cracker Barrel Old Country Store from $42.00 to $24.00 and set a “sell” rating on the stock in a research note on Friday, November 21st. Argus dropped their target price on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, September 29th. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial lowered their price objective on shares of Cracker Barrel Old Country Store from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Finally, Piper Sandler cut their target price on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $42.75.

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.