Key Points
- Gmt Capital Corp sold 42,400 shares of Cracker Barrel (CBRL) on Dec. 29 at an average price of $25.56 — part of multiple December sales that reduced its position by 1.86% to 2,240,200 shares (≈$57.26M).
- Cracker Barrel reported quarterly EPS of ($0.74) (beating estimates by $0.04) on revenue of $797.2M, down 5.7% year‑over‑year, while the stock trades near its 52‑week low of $24.85.
- The company declared a quarterly dividend of $0.25 (annualized yield ~3.9%) despite a dividend payout ratio of 133%, and analysts carry a consensus "Reduce" rating with an average price target of $35.25.
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 that occurred on Monday, December 29th. The stock was sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the transaction, the insider owned 2,240,200 shares in the company, valued at approximately $57,259,512. The trade was a 1.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Tuesday, December 23rd, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.03, for a total transaction of $1,103,672.00.
- On Friday, December 19th, Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $26.37, for a total value of $1,118,088.00.
- On Tuesday, December 16th, 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 value 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 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 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 stock was sold at an average price of $28.15, for a total value of $2,384,305.00.
Cracker Barrel Old Country Store Stock Up 1.5%
CBRL stock opened at $25.40 on Thursday. The company has a market cap of $567.18 million, a PE ratio of 33.87 and a beta of 1.24. The business has a 50-day simple moving average of $28.97 and a 200 day simple moving average of $46.09. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $71.93. 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 analysts' consensus estimates 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 firm had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. During the same period in the prior year, the company posted $0.45 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. Sell-side analysts anticipate 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. Investors of record on Friday, January 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 133.33%.
Hedge Funds Weigh In On Cracker Barrel Old Country Store
A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. Russell Investments Group Ltd. boosted its stake in shares of Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 922 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $122,000. Jump Financial LLC bought a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $389,000. Comerica Bank boosted its position in Cracker Barrel Old Country Store by 7.8% during the 1st quarter. Comerica Bank now owns 16,018 shares of the restaurant operator's stock worth $622,000 after buying an additional 1,154 shares during the period. Finally, Trexquant Investment LP bought a new stake in Cracker Barrel Old Country Store during the 1st quarter worth approximately $4,795,000. Institutional investors and hedge funds own 96.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Truist Financial reduced their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, December 10th. Weiss Ratings restated a "sell (d+)" rating on shares of Cracker Barrel Old Country Store in a research report on Monday. Citigroup reduced their price objective on 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, December 10th. Argus decreased 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 report on Monday, September 29th. Finally, Zacks Research raised shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $35.25.
View Our Latest Research Report on Cracker Barrel Old Country Store
About Cracker Barrel Old Country Store
(
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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