Key Points
- GMT Capital Corp sold 42,400 Cracker Barrel (CBRL) shares on Dec. 23 at an average price of $26.03 for $1.10M, leaving it with 2,282,600 shares (a 1.82% reduction in ownership).
- The firm has been repeatedly selling CBRL throughout December — multiple 42,400-share sales and an 84,700-share sale — generating roughly $9.17 million in proceeds from the listed transactions.
- Cracker Barrel stock is trading near its 1-year low ($25.20) and was down 2.4%; the company pays a $0.25 quarterly dividend (≈3.9% yield) but carries a high payout ratio of 133% 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 the business's stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $26.03, for a total transaction of $1,103,672.00. Following the completion of the transaction, the insider directly owned 2,282,600 shares in the company, valued at $59,416,078. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Gmt Capital Corp also recently made the following trade(s):
- On Friday, December 19th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $26.37, for a total transaction of $1,118,088.00.
- 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 stock was sold at an average price of $26.13, for a total transaction 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 Stock Down 2.4%
Cracker Barrel Old Country Store stock opened at $25.33 on Tuesday. The stock's 50 day moving average price is $29.45 and its 200 day moving average price is $46.43. Cracker Barrel Old Country Store, Inc. has a 1-year low of $25.20 and a 1-year high of $71.93. The company has a market cap of $565.62 million, a PE ratio of 33.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.16.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, beating analysts' consensus estimates of ($0.78) by $0.04. The company had revenue of $797.19 million during the quarter, compared to the consensus estimate of $806.71 million. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.Cracker Barrel Old Country Store's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. On average, sell-side analysts predict 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 3.9%. Cracker Barrel Old Country Store's payout ratio is currently 133.33%.
Hedge Funds Weigh In On Cracker Barrel Old Country Store
Several large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in Cracker Barrel Old Country Store by 1,068.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock valued at $74,655,000 after buying an additional 1,117,617 shares during the period. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 923,409 shares during the period. GMT Capital Corp increased its position in Cracker Barrel Old Country Store by 39.7% during 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 during the last quarter. Balyasny Asset Management L.P. purchased a new position in Cracker Barrel Old Country Store during the second quarter worth approximately $43,930,000. Finally, Woodline Partners LP boosted its holdings in shares of Cracker Barrel Old Country Store by 340.8% in the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock valued at $12,919,000 after purchasing an additional 257,301 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CBRL has been the topic of a number of research analyst reports. Gordon Haskett upgraded Cracker Barrel Old Country Store to a "strong sell" rating in a research report on Wednesday, December 10th. Bank of America cut their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an "underperform" rating for the company in a research note on Friday, December 19th. Truist Financial lowered their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, December 10th. Wall Street Zen cut shares of Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research report on Saturday, September 20th. Finally, Zacks Research upgraded shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $35.25.
View Our Latest Stock Analysis on CBRL
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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