GMT Capital Corp Decreases Stake in Cracker Barrel Old Country Store, Inc. $CBRL

GMT Capital Corp reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 20.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,240,200 shares of the restaurant operator’s stock after selling 593,500 shares during the period. Cracker Barrel Old Country Store comprises about 3.0% of GMT Capital Corp’s holdings, making the stock its 12th biggest position. GMT Capital Corp owned about 0.10% of Cracker Barrel Old Country Store worth $56,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maxi Investments CY Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $1,168,000. WINTON GROUP Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $2,355,000. Jupiter Asset Management Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $2,505,000. UBS Group AG raised its position in shares of Cracker Barrel Old Country Store by 50.3% in the 4th quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock valued at $7,422,000 after purchasing an additional 97,761 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $686,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Argus raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.29.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $46.69 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $71.93. The company has a current ratio of 0.50, a quick ratio of 0.18 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.04 billion, a PE ratio of 40.25 and a beta of 1.30. The firm has a 50 day moving average of $31.84 and a two-hundred day moving average of $30.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. During the same period last year, the firm posted $0.56 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post -1.26 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 86.21%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.