By otakuyassine3@gmail.com 
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Free Report) major shareholder Gmt Capital Corp purchased 105,900 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the acquisition, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This trade represents a 4.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Cracker Barrel Old Country Store Stock Performance
Shares of NASDAQ CBRL opened at $39.18 on Thursday. The firm has a 50 day moving average of $44.55 and a 200 day moving average of $49.12. 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 current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $872.26 million, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.
Institutional Investors Weigh In On Cracker Barrel Old Country Store
A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after buying an additional 247 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after buying an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cracker Barrel Old Country Store by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after purchasing an additional 417 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Cracker Barrel Old Country Store by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock worth $707,000 after purchasing an additional 754 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CBRL. Citigroup lifted their price objective on shares of 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. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their price target for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Loop Capital lowered their price objective 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. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.13.
Read Our Latest Analysis on Cracker Barrel Old Country Store
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.
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