Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp purchased 105,900 shares of the company's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the purchase, the insider now directly owns 2,452,200 shares of the company's stock, valued at $88,132,068. The trade was a 4.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Cracker Barrel Old Country Store Price Performance
CBRL opened at $35.11 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $66.57. The company has a 50 day moving average of $45.58 and a two-hundred day moving average of $49.20. The company has a market cap of $781.65 million, a P/E ratio of 19.40, a P/E/G ratio of 8.36 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.
Cracker Barrel Old Country Store Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.
Institutional Investors Weigh In On Cracker Barrel Old Country Store
A number of large investors have recently added to or reduced their stakes in CBRL. BNP Paribas Financial Markets grew its position in shares of Cracker Barrel Old Country Store by 74.1% during the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator's stock worth $1,389,000 after buying an additional 13,040 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at $2,526,000. iSAM Funds UK Ltd acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $238,000. MML Investors Services LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $213,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 247 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on CBRL shares. Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Citigroup raised their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, March 7th. Finally, Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $57.13.
Get Our Latest Research Report on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Company Profile
(
Get Free Report)
Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
