Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp bought 26,500 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were acquired at an average cost of $43.84 per share, with a total value of $1,161,760.00. Following the completion of the purchase, the insider now owns 2,568,800 shares of the company's stock, valued at approximately $112,616,192. The trade was a 1.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major 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 Wednesday, April 16th, Gmt Capital Corp purchased 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average cost of $43.05 per share, for a total transaction of $1,140,825.00.
- On Wednesday, April 9th, Gmt Capital Corp acquired 31,800 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $37.31 per share, with a total value of $1,186,458.00.
- On Friday, April 4th, Gmt Capital Corp bought 105,900 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $35.94 per share, for a total transaction of $3,806,046.00.
Cracker Barrel Old Country Store Price Performance
CBRL opened at $43.24 on Friday. The stock has a fifty day moving average price of $41.95 and a 200 day moving average price of $48.89. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43. The stock has a market cap of $962.65 million, a price-to-earnings ratio of 23.89, a PEG ratio of 8.36 and a beta of 1.39.
Cracker Barrel Old Country Store Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. Cracker Barrel Old Country Store's payout ratio is 62.11%.
Analyst Ratings Changes
Several research analysts have commented on CBRL shares. Citigroup raised their target price on shares of 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. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital lowered their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $57.13.
Read Our Latest Stock Report on Cracker Barrel Old Country Store
Hedge Funds Weigh In On Cracker Barrel Old Country Store
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after acquiring an additional 13,305 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Marshall Wace LLP increased its position in Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock worth $40,544,000 after buying an additional 462,542 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock valued at $34,271,000 after buying an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after buying an additional 50,905 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.
About Cracker Barrel Old Country Store
(
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.
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