Gmt Capital Corp Sells 42,400 Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock
by Sarita Garza · The Markets DailyCracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Free Report) major shareholder Gmt Capital Corp sold 42,400 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $26.13, for a total transaction of $1,107,912.00. Following the transaction, the insider owned 2,494,600 shares in the company, valued at approximately $65,183,898. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 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 Monday, December 8th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was 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 shares were 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 shares were sold at an average price of $28.15, for a total value of $2,384,305.00.
Cracker Barrel Old Country Store Stock Performance
Shares of NASDAQ:CBRL traded down $0.42 during trading on Friday, hitting $27.81. The stock had a trading volume of 1,029,634 shares, compared to its average volume of 1,247,623. The company has a quick ratio of 0.21, a current ratio of 0.51 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store, Inc. has a 12-month low of $25.25 and a 12-month high of $71.93. The stock has a market capitalization of $621.09 million, a price-to-earnings ratio of 37.21 and a beta of 1.24. The stock has a 50-day simple moving average of $32.96 and a two-hundred day simple moving average of $49.12.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $797.19 million for 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. Cracker Barrel Old Country Store’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts expect 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 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 3.6%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 48.31%.
Analysts Set New Price Targets
CBRL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday. Argus reduced their price objective 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. Finally, Zacks Research raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $36.88.
View Our Latest Stock Report on Cracker Barrel Old Country Store
Hedge Funds Weigh In On Cracker Barrel Old Country Store
A number of large investors have recently bought and sold shares of CBRL. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $26,000. Dark Forest Capital Management LP acquired a new position in Cracker Barrel Old Country Store in the third quarter valued at $2,459,000. Verition Fund Management LLC increased its stake in Cracker Barrel Old Country Store by 640.9% during the third quarter. Verition Fund Management LLC now owns 154,213 shares of the restaurant operator’s stock worth $6,795,000 after acquiring an additional 133,399 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $1,423,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $1,364,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
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.
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