Cracker Barrel Old Country Store Target of Unusually High Options Trading (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the target of some unusual options trading on Tuesday. Investors purchased 1,618 put options on the company. This is an increase of approximately 979% compared to the average volume of 150 put options.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $2.51 during trading hours on Wednesday, hitting $170.19. The company’s stock had a trading volume of 326,405 shares, compared to its average volume of 320,978. The firm has a market cap of $4,077.43, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. Cracker Barrel Old Country Store has a 52-week low of $141.75 and a 52-week high of $179.12. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.06. The firm had revenue of $710.40 million for the quarter, compared to analyst estimates of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.01 EPS. equities research analysts forecast that Cracker Barrel Old Country Store will post 9.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 12th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 57.90%.

A number of brokerages recently issued reports on CBRL. Wells Fargo & Co reissued a “market perform” rating and issued a $152.00 target price (up previously from $140.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday. SunTrust Banks set a $165.00 target price on Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Tuesday, February 6th. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 10th. Finally, Maxim Group reissued a “hold” rating and issued a $160.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus target price of $161.13.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 34,690 shares of the restaurant operator’s stock worth $5,512,000 after acquiring an additional 400 shares during the period. Raymond James & Associates boosted its stake in shares of Cracker Barrel Old Country Store by 38.7% during the 4th quarter. Raymond James & Associates now owns 9,616 shares of the restaurant operator’s stock worth $1,528,000 after acquiring an additional 2,684 shares during the period. Stone Ridge Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $548,000. QS Investors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 484.4% during the 4th quarter. QS Investors LLC now owns 10,034 shares of the restaurant operator’s stock worth $1,594,000 after acquiring an additional 8,317 shares during the period. Finally, Jefferies Group LLC boosted its stake in shares of Cracker Barrel Old Country Store by 153.1% during the 4th quarter. Jefferies Group LLC now owns 7,432 shares of the restaurant operator’s stock worth $1,181,000 after acquiring an additional 21,432 shares during the period. Institutional investors own 89.22% of the company’s stock.

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Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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