Gmt Capital Corp Buys 53,000 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 53,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $44.60 per share, with a total value of $2,363,800.00. Following the transaction, the insider now directly owns 2,833,700 shares of the company’s stock, valued at $126,383,020. This represents a 1.91 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Thursday, May 1st, Gmt Capital Corp acquired 35,607 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $42.77 per share, with a total value of $1,522,911.39.
• On Tuesday, April 29th, Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average cost of $41.84 per share, for a total transaction of $2,217,520.00.
• On Friday, April 25th, Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $43.03 per share, with a total value of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp purchased 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average price of $43.84 per share, for a total transaction of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $43.05 per share, with a total value of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp bought 31,800 shares of Cracker Barrel Old Country Store stock. The stock was purchased at an average price of $37.31 per share, for a total transaction of $1,186,458.00.
• On Friday, April 4th, Gmt Capital Corp purchased 105,900 shares of Cracker Barrel Old Country Store stock. The shares were purchased at an average price of $35.94 per share, with a total value of $3,806,046.00.

Cracker Barrel Old Country Store Stock Down 1.3 %

Shares of NASDAQ:CBRL opened at $46.67 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. The business has a 50 day simple moving average of $41.52 and a two-hundred day simple moving average of $48.70. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43. 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors grew its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cracker Barrel Old Country Store by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after acquiring an additional 417 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $25,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock valued at $707,000 after purchasing an additional 754 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of research reports. Citigroup increased their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, March 7th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their target price for the company from $51.00 to $55.00 in a research report on Monday, March 10th. Loop Capital dropped their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.13.

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.