Key Points
- Major shareholder GMT Capital sold 42,400 CBRL shares on Dec. 19 at an average price of $26.37 for $1.118M, leaving it with 2,325,000 shares — a 1.79% reduction in its stake.
- GMT executed multiple December sales, totaling about 296,700 shares (five trades of 42,400 plus an 84,700 block), indicating a sustained reduction of its position in Cracker Barrel.
- Analysts have trimmed expectations — the consensus rating is "Reduce" with a $35.25 target — while Cracker Barrel offers a $0.25 quarterly dividend (3.9% yield) but a high 133% payout ratio amid recent revenue declines.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction on Friday, December 19th. The stock was sold at an average price of $26.37, for a total transaction of $1,118,088.00. Following the completion of the transaction, the insider owned 2,325,000 shares in the company, valued at $61,310,250. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 16th, 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 transaction of $1,107,912.00.
- 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 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 shares were 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 Stock Performance
Shares of NASDAQ CBRL opened at $25.75 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $25.25 and a 12 month high of $71.93. The company has a market cap of $575.00 million, a P/E ratio of 34.33 and a beta of 1.24. The business's 50 day moving average is $30.52 and its two-hundred day moving average is $47.29. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.
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 (EPS) for the quarter, topping 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 business had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. During the same quarter last year, the company posted $0.45 earnings per share. Cracker Barrel Old Country Store's quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.
Cracker Barrel Old Country Store Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. Cracker Barrel Old Country Store's payout ratio is presently 133.33%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 10th. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a "strong sell" rating in a research report on Wednesday, December 10th. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an "underperform" rating on the stock in a research note on Friday, December 19th. Citigroup cut their price target 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, December 10th. Finally, UBS Group decreased 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, December 10th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of "Reduce" and a consensus price target of $35.25.
View Our Latest Analysis on Cracker Barrel Old Country Store
Institutional Investors Weigh In On Cracker Barrel Old Country Store
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GMT Capital Corp boosted its stake in Cracker Barrel Old Country Store by 39.7% in the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator's stock worth $173,082,000 after purchasing an additional 805,100 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cracker Barrel Old Country Store by 19.5% in the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator's stock valued at $64,327,000 after buying an additional 237,741 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator's stock valued at $40,982,000 after buying an additional 923,409 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Cracker Barrel Old Country Store by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator's stock worth $32,756,000 after acquiring an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $43,930,000. 96.01% of the stock is owned by institutional investors and hedge funds.
Cracker Barrel Old Country Store Company Profile
(
Get Free Report)
Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.
The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.
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