Key Points
- Gmt Capital Corp sold 42,400 shares of Cracker Barrel (CBRL) on Dec. 16 at an average price of $26.13 for proceeds of $1,107,912, reducing its direct holding to 2,409,800 shares (a 1.73% ownership decline) per an SEC filing.
- The sale is part of an ongoing December selling program by Gmt Capital — the firm sold a total of about 254,300 shares across Dec. 2, 3, 8, 10 and 16, netting roughly $7.0 million in proceeds.
- Separately, Cracker Barrel shares are trading near their 1‑year low ($25.25) with a market cap around $610.7M; the company pays a $0.25 quarterly dividend (3.7% yield) but has a payout ratio of 133%, signaling potential sustainability concerns.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp sold 42,400 shares of the business's stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $26.13, for a total value of $1,107,912.00. Following the sale, the insider directly owned 2,409,800 shares of the company's stock, valued at $62,968,074. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Gmt Capital Corp also recently made the following trade(s):
- On Wednesday, December 10th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.13, for a total value of $1,107,912.00.
- On Monday, December 8th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were 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 value of $2,384,305.00.
Cracker Barrel Old Country Store Price Performance
Shares of NASDAQ:CBRL opened at $27.35 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The stock has a market cap of $610.73 million, a PE ratio of 36.47 and a beta of 1.24. The stock's fifty day simple moving average is $31.38 and its two-hundred day simple moving average is $48.03. 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, beating 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 during the quarter, compared to the consensus estimate of $806.71 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. As a group, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.
Cracker Barrel Old Country Store Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders 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 annualized dividend and a yield of 3.7%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 133.33%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its position in shares of Cracker Barrel Old Country Store by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator's stock valued at $1,214,000 after buying an additional 311 shares in the last quarter. Parvin Asset Management LLC increased its stake in Cracker Barrel Old Country Store by 4.4% in the second quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator's stock valued at $507,000 after acquiring an additional 350 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cracker Barrel Old Country Store by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator's stock valued at $349,000 after acquiring an additional 389 shares during the last quarter. Assetmark Inc. raised its position in Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Cracker Barrel Old Country Store by 7.2% during the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator's stock worth $276,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.
Analysts Set New Price Targets
CBRL has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of Cracker Barrel Old Country Store in a research note on Monday. Piper Sandler cut their price objective on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 10th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a "strong sell" rating in a research note on Wednesday, December 10th. Argus lowered their target price on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday, September 29th. Finally, 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 on the stock in a report on Thursday, September 18th. Two equities 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's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $36.88.
Read Our Latest Stock 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
