Cracker Barrel Old Country Store (NASDAQ:CBRL) Major Shareholder Sells $1,118,088.00 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $26.37, for a total value of $1,118,088.00. Following the transaction, the insider owned 2,325,000 shares of the company’s stock, valued at approximately $61,310,250. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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 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 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 transaction 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 Up 2.0%

Shares of NASDAQ:CBRL opened at $26.26 on Friday. The company’s 50-day moving average price is $29.95 and its two-hundred day moving average price is $46.99. Cracker Barrel Old Country Store, Inc. has a one year low of $25.25 and a one year high of $71.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.16. The stock has a market capitalization of $586.27 million, a PE ratio of 35.01 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The company had revenue of $797.19 million during the quarter, compared to analysts’ expectations of $806.71 million. During the same quarter last year, the company earned $0.45 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 133.33%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in Cracker Barrel Old Country Store by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator’s stock worth $1,214,000 after buying an additional 311 shares in the last quarter. Parvin Asset Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 4.4% during the 2nd 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cracker Barrel Old Country Store by 7.3% during the 2nd 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 period. Assetmark Inc. raised its stake in Cracker Barrel Old Country Store by 517.3% in 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 position 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 period. Institutional investors own 96.01% of the company’s stock.

Analyst Ratings Changes

CBRL has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating on the stock in a report 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 report on Saturday, September 20th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, December 11th. Wells Fargo & Company reduced their price target on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Finally, Argus dropped their price objective 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. 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. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $35.25.

Cracker Barrel Old Country Store Company Profile

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.