GMT Capital Corp Buys Shares of 2,028,600 Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• GMT Capital Corp has acquired a significant new position in Cracker Barrel, purchasing approximately 2,028,600 shares valued at around $78.75 million, making it the firm's 11th largest position.
• Cracker Barrel's stock has seen various analyst ratings recently, with target prices ranging from $42 to $69, indicating a mixed outlook with an average consensus rating of "Hold."
• In its latest earnings report, Cracker Barrel topped earnings estimates with $0.58 EPS and reported revenue of $821.10 million, reflecting a slight year-over-year increase.

GMT Capital Corp bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,028,600 shares of the restaurant operator's stock, valued at approximately $78,750,000. Cracker Barrel Old Country Store makes up about 4.2% of GMT Capital Corp's investment portfolio, making the stock its 11th biggest position. GMT Capital Corp owned 9.11% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Cracker Barrel Old Country Store by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after purchasing an additional 50,905 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Cracker Barrel Old Country Store by 4.0% during the 4th quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock worth $15,050,000 after buying an additional 11,068 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. Northern Trust Corp lifted its position in shares of Cracker Barrel Old Country Store by 6.9% during the 4th quarter. Northern Trust Corp now owns 246,227 shares of the restaurant operator's stock worth $13,016,000 after buying an additional 15,897 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.1% during the 4th quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator's stock worth $11,839,000 after buying an additional 2,366 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CBRL. UBS Group restated a "neutral" rating and set a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Citigroup restated a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Bank of America increased their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Loop Capital increased their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Finally, Truist Financial increased their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $55.14.

Cracker Barrel Old Country Store Trading Down 1.2%

NASDAQ CBRL traded down $0.63 during trading hours on Wednesday, hitting $54.09. 1,345,127 shares of the company's stock were exchanged, compared to its average volume of 1,063,188. The stock has a 50-day simple moving average of $62.17 and a 200 day simple moving average of $52.45. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.85 and a 1-year high of $71.93. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 20.97 and a beta of 1.41. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The business had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. During the same quarter last year, the firm posted $0.88 earnings per share. The firm's revenue was up .5% on a year-over-year basis. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. 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 announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Friday, July 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Cracker Barrel Old Country Store's payout ratio is presently 38.76%.

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.