Gmt Capital Corp Purchases 105,900 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) major shareholder Gmt Capital Corp acquired 105,900 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average price 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 filing with the SEC, which can be accessed through the SEC website. Large 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 Wednesday, April 9th, Gmt Capital Corp acquired 31,800 shares of Cracker Barrel Old Country Store stock. The stock was acquired at an average cost of $37.31 per share, with a total value of $1,186,458.00.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded up $2.00 during midday trading on Friday, reaching $40.97. 1,189,483 shares of the company were exchanged, compared to its average volume of 824,422. The company's 50 day moving average price is $43.63 and its two-hundred day moving average price is $49.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company has a market cap of $912.12 million, a P/E ratio of 22.64, a PEG ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.86 and a 12 month high of $65.43.

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Cracker Barrel Old Country Store Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is 62.11%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 1,601.8% during 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 in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $56,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Cracker Barrel Old Country Store by 142.8% during 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 during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Analysts Set New Price Targets

CBRL has been the subject of several recent research reports. Citigroup increased their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a report on Friday, March 7th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital decreased their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Finally, Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Two equities research 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, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average target price of $57.13.

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.