Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Buys $1,522,911.39 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp bought 35,607 shares of Cracker Barrel Old Country Store stock in a transaction dated Thursday, May 1st. The stock was acquired 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. This represents a 1.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major 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 Tuesday, April 29th, Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average price of $41.84 per share, with a total value of $2,217,520.00.
• On Friday, April 25th, Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock. The shares were acquired at an average price of $43.03 per share, for a total transaction of $2,280,590.00.
• On Tuesday, April 22nd, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average price of $43.84 per share, with a total value of $1,161,760.00.
• On Wednesday, April 16th, Gmt Capital Corp bought 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average price of $43.05 per share, for a total transaction of $1,140,825.00.
• On Wednesday, April 9th, Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock. The shares were bought at an average price 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 purchased at an average cost of $35.94 per share, with a total value of $3,806,046.00.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded up $0.15 on Monday, reaching $42.89. The company's stock had a trading volume of 390,667 shares, compared to its average volume of 834,900. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The stock's 50 day simple moving average is $41.39 and its 200-day simple moving average is $48.84. 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 market capitalization of $954.84 million, a P/E ratio of 23.76, a PEG ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given 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 2.33%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted 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 valued at $40,544,000 after purchasing an additional 462,542 shares during the last quarter. Towle & Co. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth $13,575,000. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store in the fourth quarter worth $11,711,000. Charles Schwab Investment Management Inc. increased its stake 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 valued at $62,452,000 after acquiring an additional 106,440 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at about $4,597,000. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRL. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Citigroup increased 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 research 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. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and raised their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Loop Capital lowered their target price on shares of 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average target price of $57.13.

Cracker Barrel Old Country Store Company Profile

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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