Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Acquires $2,280,590.00 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp purchased 53,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $43.03 per share, for a total transaction of $2,280,590.00. Following the purchase, the insider now owns 2,621,800 shares of the company's stock, valued at $112,816,054. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock 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 shares were bought at an average cost of $41.84 per share, for a total transaction of $2,217,520.00.
• On Tuesday, April 22nd, Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock. The stock was bought at an average cost 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 shares were 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 purchased 31,800 shares of Cracker Barrel Old Country Store stock. The stock was 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 price of $35.94 per share, for a total transaction of $3,806,046.00.

Cracker Barrel Old Country Store Stock Up 0.2 %

Shares of CBRL stock traded up $0.10 during mid-day trading on Friday, hitting $42.74. The stock had a trading volume of 578,239 shares, compared to its average volume of 836,573. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm's 50-day moving average is $41.39 and its two-hundred day moving average is $48.84. The firm has a market capitalization of $951.52 million, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is 62.11%.

Analyst Ratings Changes

A number of equities analysts recently commented on CBRL shares. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their price target for the stock from $51.00 to $55.00 in a research note on Monday, March 10th. Citigroup upped their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Loop Capital cut their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $25,000. Sterling Capital Management LLC boosted its position in 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. Smartleaf Asset Management LLC boosted its position in Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $56,000. Finally, GAMMA Investing LLC raised its position in shares of Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after acquiring an additional 1,394 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

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.