Insider Selling: Cracker Barrel Old Country Store (NASDAQ:CBRL) Major Shareholder Sells 42,400 Shares of Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $26.03, for a total transaction of $1,103,672.00. Following the completion of the transaction, the insider owned 2,282,600 shares in the company, valued at approximately $59,416,078. This trade represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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, December 19th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.37, for a total value of $1,118,088.00.
• On Tuesday, December 16th, 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 value of $1,107,912.00.
• On Wednesday, December 10th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.13, for a total value of $1,107,912.00.
• On Monday, December 8th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.89, for a total value 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 stock was sold at an average price of $28.15, for a total value of $2,384,305.00.

Cracker Barrel Old Country Store Trading Down 2.3%

Shares of NASDAQ CBRL traded down $0.59 during midday trading on Monday, hitting $25.36. The stock had a trading volume of 741,887 shares, compared to its average volume of 1,267,601. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store, Inc. has a 1-year low of $25.20 and a 1-year high of $71.93. The company has a market capitalization of $566.22 million, a price-to-earnings ratio of 33.80 and a beta of 1.24. The company has a fifty day moving average price of $29.68 and a 200 day moving average price of $46.64.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.04. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The firm had revenue of $797.19 million during the quarter, compared to the consensus estimate of $806.71 million. During the same quarter in the prior year, the company earned $0.45 EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CBRL shares. Bank of America dropped their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday, December 22nd. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Wells Fargo & Company decreased their price objective 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. Finally, Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Reduce” and a consensus price target of $35.25.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its stake in shares of Cracker Barrel Old Country Store by 113.5% in the second quarter. Allianz Asset Management GmbH now owns 273,745 shares of the restaurant operator’s stock valued at $16,720,000 after buying an additional 145,511 shares in the last quarter. Jump Financial LLC acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at about $389,000. Trexquant Investment LP acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at about $4,795,000. Bayforest Capital Ltd bought a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $342,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $876,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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.