Key Points
- GMT Capital Corp sold 42,400 shares on December 10 at an average of $26.13 and, after multiple early-December sales totaling 211,900 shares for roughly $5.85M, now directly owns 2,494,600 shares (a 1.67% decrease).
- Cracker Barrel reported Q results with a ($0.74) EPS that beat estimates while revenue of $797.2M missed and fell 5.7% year-over-year, and it declared a $0.25 quarterly dividend (annualized $1.00, ~3.7% yield; payout ratio 133%).
- Analyst sentiment has turned cautious, with a consensus rating of "Reduce" and an average price target of $36.88 after several firms trimmed estimates and targets.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $26.13, for a total value of $1,107,912.00. Following the transaction, the insider directly owned 2,494,600 shares in the company, valued at approximately $65,183,898. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 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 stock was 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 transaction of $2,384,305.00.
Cracker Barrel Old Country Store Price Performance
Shares of Cracker Barrel Old Country Store stock opened at $27.33 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.21 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $32.62 and a 200-day simple moving average of $48.92. The stock has a market capitalization of $610.28 million, a price-to-earnings ratio of 36.44 and a beta of 1.24. Cracker Barrel Old Country Store, Inc. has a 1-year low of $25.25 and a 1-year high of $71.93.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.04. The firm had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. Cracker Barrel Old Country Store's payout ratio is presently 133.33%.
Analyst Ratings Changes
CBRL has been the subject of several recent analyst reports. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday. Wall Street Zen cut Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research report on Saturday, September 20th. Citigroup lowered their price objective on shares of Cracker Barrel Old Country Store from $24.00 to $20.00 and set a "sell" rating on the stock in a research note on Wednesday. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a "strong sell" rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Reduce" and an average target price of $36.88.
Read Our Latest Stock Report on CBRL
Institutional Trading of Cracker Barrel Old Country Store
Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store in the third quarter worth $26,000. Dark Forest Capital Management LP acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $2,459,000. Verition Fund Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 640.9% during the 3rd 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 bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $1,423,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at about $1,364,000. 96.01% of the stock is currently 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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