Key Points
- Gmt Capital Corp sold 42,400 shares of Cracker Barrel on Dec. 3 at $28.60 and 84,700 shares on Dec. 2 at $28.15 — a total of 127,100 shares worth about $3.60 million, trimming its stake to 2,706,600 shares (a 1.54% reduction).
- Cracker Barrel (CBRL) reported $0.45 EPS and $845.09 million in quarterly revenue, trades near $28 (12‑month range $25.62–$71.93) with a market cap of ~$624 million and a $1.00 annual dividend (3.6% yield); analysts hold a consensus "Reduce" rating with a $42.75 price target.
Cracker 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 that occurred on Wednesday, December 3rd. The shares were sold at an average price of $28.60, for a total value of $1,212,640.00. Following the completion of the sale, the insider owned 2,706,600 shares in the company, valued at approximately $77,408,760. This represents a 1.54% 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 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 transaction of $2,384,305.00.
Cracker Barrel Old Country Store Stock Performance
Shares of NASDAQ CBRL opened at $28.04 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store, Inc. has a 12 month low of $25.62 and a 12 month high of $71.93. The company has a 50 day simple moving average of $34.65 and a two-hundred day simple moving average of $50.10. The stock has a market cap of $624.45 million, a price-to-earnings ratio of 13.54 and a beta of 1.24.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The business had revenue of $845.09 million during the quarter. As a group, 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. Cracker Barrel Old Country Store's payout ratio is currently 48.31%.
Hedge Funds Weigh In On Cracker Barrel Old Country Store
Several large investors have recently made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $26,000. Dark Forest Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth $2,459,000. Verition Fund Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 640.9% in the third quarter. Verition Fund Management LLC now owns 154,213 shares of the restaurant operator's stock valued at $6,795,000 after buying an additional 133,399 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $1,423,000. Finally, Brevan Howard Capital Management LP acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth about $1,364,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently weighed in on CBRL shares. Weiss Ratings restated a "sell (d+)" rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday. Piper Sandler cut their price objective on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday, September 18th. Argus decreased their target price on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Bank of America cut their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating for the company in a report on Thursday, September 18th. Finally, Wells Fargo & Company initiated coverage on shares of Cracker Barrel Old Country Store in a research report on Friday, October 17th. They set an "equal weight" rating and a $42.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $42.75.
Check Out Our Latest Analysis on CBRL
About Cracker Barrel Old Country Store
(
Get Free Report)
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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