Cracker Barrel Old Country Store, Inc. (CBRL) Major Shareholder Sells $4,234,250.00 in Stock

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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 25,000 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $169.37, for a total transaction of $4,234,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Sardar Biglari also recently made the following trade(s):

  • On Friday, February 8th, Sardar Biglari sold 53,373 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.40, for a total transaction of $9,041,386.20.
  • On Wednesday, February 6th, Sardar Biglari sold 45,942 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.30, for a total transaction of $7,823,922.60.
  • On Monday, February 4th, Sardar Biglari sold 54,000 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.12, for a total transaction of $9,132,480.00.
  • On Monday, January 28th, Sardar Biglari sold 140,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.54, for a total value of $23,735,600.00.
  • On Tuesday, January 22nd, Sardar Biglari sold 3,300 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.12, for a total value of $558,096.00.
  • On Thursday, January 24th, Sardar Biglari sold 56,494 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.19, for a total value of $9,558,219.86.
  • On Friday, January 18th, Sardar Biglari sold 9,461 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.16, for a total transaction of $1,600,422.76.
  • On Friday, January 11th, Sardar Biglari sold 45,000 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.18, for a total transaction of $7,613,100.00.
  • On Tuesday, January 15th, Sardar Biglari sold 149,683 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.26, for a total transaction of $25,335,344.58.
  • On Tuesday, December 18th, Sardar Biglari sold 42,258 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $171.24, for a total transaction of $7,236,259.92.

CBRL opened at $169.07 on Thursday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $141.63 and a 52-week high of $185.00. The stock has a market cap of $4.02 billion, a PE ratio of 19.06, a P/E/G ratio of 1.88 and a beta of 0.50. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 0.67.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.05. The company had revenue of $733.50 million during the quarter, compared to analyst estimates of $720.94 million. Cracker Barrel Old Country Store had a net margin of 8.14% and a return on equity of 35.18%. Cracker Barrel Old Country Store’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th were paid a $1.25 dividend. The ex-dividend date was Thursday, January 17th. This represents a $5.00 annualized dividend and a yield of 2.96%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.

A number of institutional investors have recently added to or reduced their stakes in CBRL. Millennium Management LLC increased its position in Cracker Barrel Old Country Store by 106.9% in the 2nd quarter. Millennium Management LLC now owns 12,406 shares of the restaurant operator’s stock worth $1,938,000 after purchasing an additional 6,410 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth about $447,000. Callahan Advisors LLC raised its holdings in shares of Cracker Barrel Old Country Store by 3.9% in the 3rd quarter. Callahan Advisors LLC now owns 10,504 shares of the restaurant operator’s stock worth $1,546,000 after purchasing an additional 397 shares during the period. Raymond James Trust N.A. bought a new stake in Cracker Barrel Old Country Store in the third quarter worth $239,000. Finally, Nisa Investment Advisors LLC grew its holdings in Cracker Barrel Old Country Store by 4.4% in the third quarter. Nisa Investment Advisors LLC now owns 21,080 shares of the restaurant operator’s stock worth $3,102,000 after purchasing an additional 880 shares during the period. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on CBRL. Gordon Haskett downgraded Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a research report on Wednesday, November 28th. Telsey Advisory Group upped their price objective on shares of Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 28th. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Thursday, November 29th. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Finally, Wells Fargo & Co upped their price target on shares of Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the company a “market perform” rating in a research note on Monday, November 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $165.34.

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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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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