Insider Buying: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Buys 35,607 Shares of Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp acquired 35,607 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $42.77 per share, with a total value of $1,522,911.39. Following the completion of the acquisition, the insider now owns 2,780,700 shares of the company's stock, valued at $118,930,539. The trade was a 1.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Wednesday, May 7th, Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average price of $44.60 per share, with a total value of $2,363,800.00.
• On Tuesday, April 29th, Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average cost of $41.84 per share, for a total transaction of $2,217,520.00.
• On Friday, April 25th, Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average cost of $43.03 per share, with a total value of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp bought 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average cost of $43.84 per share, for a total transaction of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp purchased 26,500 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average cost of $43.05 per share, with a total value of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock. The stock was 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 acquired 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 Trading Down 1.3 %

Shares of NASDAQ CBRL traded down $0.62 during midday trading on Friday, hitting $46.67. The stock had a trading volume of 445,730 shares, compared to its average volume of 835,480. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $65.43. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average price of $41.52 and a 200 day moving average price of $48.70.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 62.11%.

Analysts Set New Price Targets

CBRL has been the topic of several analyst reports. Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Citigroup raised their price objective 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 upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $57.13.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently bought and sold shares of CBRL. Sterling Capital Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $25,000. Smartleaf Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after buying an additional 913 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $56,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $45,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

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.