SCHEDULE: GMT Capital Boosts Cracker Barrel Stake to 12.73%
Beneficial Ownership Report
GMT Capital Corp. and Thomas E. Claugus have reported a beneficial ownership of 12.73% in Cracker Barrel Old Country Store, Inc. common stock.
Summary
- GMT Capital Corp. and Thomas E. Claugus collectively beneficially own 2,833,700 shares of Cracker Barrel Old Country Store, Inc. common stock.
- This ownership represents 12.73% of the company's outstanding common stock.
- The percentage is calculated based on 22,266,951 shares of common stock outstanding as of May 2, 2025, as reported by the Issuer.
- The shares are held through various managed funds and accounts, including Bay Resource Partners, L.P., Bay II Resource Partners, L.P., and Bay Resource Partners Offshore Master Fund, L.P.
- Thomas E. Claugus, as the control person of GMT Capital, directs the voting and disposition of these shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without indicating positive or negative operational or financial performance.
Positives
- A significant institutional investor, GMT Capital Corp. and its control person Thomas E. Claugus, holds a substantial 12.73% stake, potentially signaling confidence in Cracker Barrel Old Country Store, Inc.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This filing indicates a significant ownership position by an investment firm in a publicly traded restaurant and retail company, which is a common occurrence in the broader market where institutional investors take stakes in established companies.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake can influence investor sentiment and potentially the stock's perceived value or stability.
Key Dates
| Date | Description |
|---|---|
| 2025-05-02 | Date as of which 22,266,951 shares of common stock were outstanding, used for percentage calculation. |
| 2025-06-05 | Date of Issuer's Report on Form 8-K, which reported the outstanding shares. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-08-14 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Cracker Barrel, CBRL, GMT Capital, Thomas E. Claugus, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Restaurant Industry, Retail
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