Gmt Capital Corp Purchases 105,900 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp bought 105,900 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the purchase, the insider now owns 2,452,200 shares of the company’s stock, valued at $88,132,068. The trade was a 4.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $39.18 on Thursday. The company has a 50 day simple moving average of $44.55 and a 200-day simple moving average of $49.12. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $65.43. The firm has a market capitalization of $872.26 million, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Dividend Announcement

The firm 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 of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBRL. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, March 7th. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Loop Capital cut their price objective on 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.13.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP lifted its holdings in shares of Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock worth $40,544,000 after buying an additional 462,542 shares during the last quarter. Towle & Co. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $13,575,000. Cibc World Market Inc. acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at $11,711,000. Charles Schwab Investment Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock valued at $62,452,000 after buying an additional 106,440 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $4,597,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

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.