Cracker Barrel Old Country Store, Inc. (CBRL) Major Shareholder Sardar Biglari Sells 25,000 Shares

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 25,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $169.37, for a total value of $4,234,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $169.40, for a total value 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 value of $7,823,922.60.
  • On Monday, February 4th, Sardar Biglari sold 54,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.12, for a total value 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 stock was sold at an average price of $169.16, for a total value 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 value of $7,613,100.00.
  • On Tuesday, January 15th, Sardar Biglari sold 149,683 shares of Cracker Barrel Old Country Store stock. The stock was sold at an average price of $169.26, for a total value 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 value of $7,236,259.92.

Cracker Barrel Old Country Store stock traded up $0.36 during trading on Monday, reaching $169.18. 267,212 shares of the company’s stock were exchanged, compared to its average volume of 353,975. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 0.67. 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 $4.06 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.88 and a beta of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cracker Barrel Old Country Store had a net margin of 8.14% and a return on equity of 35.18%. The firm had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $720.94 million. During the same period in the prior year, the company earned $1.92 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 8.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 5th. Investors of record on Friday, January 18th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $5.00 dividend on an annualized basis and a yield of 2.96%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 56.37%.

Institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter worth $398,000. Renaissance Technologies LLC purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth $12,084,000. Creative Planning boosted its position in Cracker Barrel Old Country Store by 16.3% during the 3rd quarter. Creative Planning now owns 15,808 shares of the restaurant operator’s stock worth $2,326,000 after purchasing an additional 2,219 shares during the period. United Services Automobile Association boosted its position in Cracker Barrel Old Country Store by 113.0% during the 3rd quarter. United Services Automobile Association now owns 8,251 shares of the restaurant operator’s stock worth $1,214,000 after purchasing an additional 4,377 shares during the period. Finally, Resources Management Corp CT ADV purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth $613,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a report on Wednesday, December 5th. ValuEngine downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Thursday, November 29th. Finally, Telsey Advisory Group upped their price objective on Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $165.34.

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Cracker Barrel Old Country Store Company Profile

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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Insider Buying and Selling by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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