Key Points
- Gmt Capital Corp sold 42,400 Cracker Barrel (CBRL) shares on Dec. 8 at an average price of $26.89, totaling $1,140,136, leaving it with 2,579,400 shares (a 1.62% reduction).
- Those trades followed additional disposals on Dec. 3 (42,400 shares at $28.60) and Dec. 2 (84,700 shares at $28.15), representing multiple recent sales totaling about $4.74 million.
- CBRL recently reported Q1 EPS of -$0.74 (beating estimates), revenue down 5.7% year-over-year, declared a quarterly dividend of $0.25 (a 3.6% yield), and carries a consensus analyst rating of "Reduce" with an average price target of $36.88.
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 Monday, December 8th. The stock was sold at an average price of $26.89, for a total transaction of $1,140,136.00. Following the sale, the insider directly owned 2,579,400 shares of the company's stock, valued at approximately $69,360,066. This trade represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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 transaction 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 Up 3.5%
Shares of CBRL stock opened at $27.95 on Thursday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $71.93. The stock's fifty day moving average price is $33.28 and its two-hundred day moving average price is $49.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The company has a market cap of $622.45 million, a PE ratio of 37.27 and a beta of 1.24.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.55% and a net margin of 0.49%.The business had revenue of $797.19 million during the quarter, compared to the consensus estimate of $806.71 million. During the same period in the prior year, the company earned $0.45 EPS. Cracker Barrel Old Country Store's revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.
Cracker Barrel Old Country Store Dividend Announcement
The business also recently declared 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. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Cracker Barrel Old Country Store's payout ratio is 48.31%.
Analyst Ratings Changes
CBRL has been the subject of several research reports. Citigroup dropped their price objective on shares of Cracker Barrel Old Country Store from $24.00 to $20.00 and set a "sell" rating for the company in a research note on Wednesday. Truist Financial lowered their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday. Wells Fargo & Company cut their price objective on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday. Bank of America reduced their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating on the stock in a research report on Thursday, September 18th. Finally, UBS Group cut their price target on Cracker Barrel Old Country Store from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $36.88.
Read Our Latest Report on Cracker Barrel Old Country Store
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth about $26,000. Dark Forest Capital Management LP bought a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $2,459,000. Verition Fund Management LLC lifted 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 worth $6,795,000 after acquiring an additional 133,399 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter worth approximately $1,423,000. Finally, Brevan Howard Capital Management LP bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at approximately $1,364,000. 96.01% of the stock is owned by institutional investors.
Cracker Barrel Old Country Store Company Profile
(
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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