Sardar Biglari Sells 75,910 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 75,910 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $174.46, for a total transaction of $13,243,258.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 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, July 5th, Sardar Biglari sold 66,154 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $172.76, for a total transaction of $11,428,765.04.
  • On Tuesday, July 9th, Sardar Biglari sold 149,150 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $172.47, for a total transaction of $25,723,900.50.
  • On Wednesday, July 3rd, Sardar Biglari sold 94,440 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $173.42, for a total transaction of $16,377,784.80.
  • On Friday, June 28th, Sardar Biglari sold 80,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.84, for a total transaction of $13,667,200.00.
  • On Monday, July 1st, Sardar Biglari sold 240,187 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.82, for a total transaction of $41,028,743.34.
  • On Monday, June 24th, Sardar Biglari sold 13,887 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.97, for a total transaction of $2,360,373.39.
  • On Wednesday, June 26th, Sardar Biglari sold 211,243 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.57, for a total transaction of $36,031,718.51.
  • On Monday, June 17th, Sardar Biglari sold 72,339 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.03, for a total transaction of $12,299,800.17.
  • On Wednesday, June 19th, Sardar Biglari sold 98,939 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.11, for a total transaction of $16,830,513.29.
  • On Wednesday, May 22nd, Sardar Biglari sold 2,520 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.90, for a total transaction of $428,148.00.

Shares of Cracker Barrel Old Country Store stock traded up $2.14 during trading on Friday, hitting $178.53. The stock had a trading volume of 524,936 shares, compared to its average volume of 392,203. The company has a fifty day simple moving average of $167.35. The firm has a market capitalization of $4.26 billion, a PE ratio of 20.13, a PEG ratio of 1.95 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.99. Cracker Barrel Old Country Store, Inc. has a 12 month low of $141.63 and a 12 month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, June 4th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.02. The firm had revenue of $739.60 million during the quarter, compared to analyst estimates of $735.15 million. Cracker Barrel Old Country Store had a net margin of 7.10% and a return on equity of 34.36%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.03 EPS. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 9 earnings per share for the current year.

The company also recently announced a special dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a $3.00 dividend. The ex-dividend date is Thursday, July 18th. This represents a dividend yield of 3%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

Cracker Barrel Old Country Store announced that its board has initiated a stock buyback program on Tuesday, June 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Several research firms have commented on CBRL. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Co reiterated a “buy” rating and set a $55.00 price objective on shares of Metlife in a research report on Wednesday, June 5th. Maxim Group reiterated a “buy” rating and set a $9.00 price objective on shares of Pareteum in a research report on Friday, June 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $170.54.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. BlackRock Inc. now owns 2,630,579 shares of the restaurant operator’s stock valued at $425,129,000 after buying an additional 36,576 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Cracker Barrel Old Country Store by 2,122.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 452,822 shares of the restaurant operator’s stock valued at $73,182,000 after purchasing an additional 432,447 shares during the period. Two Sigma Advisers LP increased its position in Cracker Barrel Old Country Store by 335.4% during the 4th quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock valued at $68,890,000 after purchasing an additional 331,959 shares during the period. Marshall Wace LLP increased its position in Cracker Barrel Old Country Store by 69.1% during the 1st quarter. Marshall Wace LLP now owns 353,035 shares of the restaurant operator’s stock valued at $57,054,000 after purchasing an additional 144,284 shares during the period. Finally, Geode Capital Management LLC increased its position in Cracker Barrel Old Country Store by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 319,693 shares of the restaurant operator’s stock valued at $51,245,000 after purchasing an additional 27,651 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

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.

See Also: Dividend

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

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