Gmt Capital Corp Sells 42,400 Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction 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 completion of the transaction, the insider owned 2,409,800 shares in the company, valued at $62,968,074. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% 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 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 stock was sold at an average price of $28.60, for a total transaction 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 Trading Down 4.2%

NASDAQ CBRL opened at $26.21 on Friday. The firm’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $47.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51. Cracker Barrel Old Country Store, Inc. has a twelve month low of $25.25 and a twelve month high of $71.93. The stock has a market cap of $585.27 million, a price-to-earnings ratio of 34.95 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.04. The business 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 return on equity of 9.74% and a net margin of 0.49%.Cracker Barrel Old Country Store’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th will be given a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 133.33%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently modified their holdings of the company. GMT Capital Corp boosted its stake in Cracker Barrel Old Country Store by 39.7% during the 2nd quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after purchasing an additional 805,100 shares during the period. Alliancebernstein L.P. grew its stake 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 worth $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. increased its position in Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after acquiring an additional 923,409 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $32,756,000 after purchasing an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at $43,930,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of 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. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Argus reduced their price target on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a report on Monday, September 29th. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Finally, Wells Fargo & Company reduced their target price 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 research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $35.25.

About Cracker Barrel Old Country Store

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.