Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Major Shareholder Sells $11,428,765.04 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 66,154 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $172.76, for a total value of $11,428,765.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $428,148.00.
  • On Friday, May 10th, Sardar Biglari sold 12,130 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60.

NASDAQ CBRL opened at $176.39 on Friday. The stock has a market cap of $4.10 billion, a PE ratio of 19.89, a PEG ratio of 1.92 and a beta of 0.58. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. Cracker Barrel Old Country Store, Inc. has a twelve month low of $141.63 and a twelve month high of $185.00. The business’s fifty day simple moving average is $167.35.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, June 4th. The restaurant operator reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. The business had revenue of $739.60 million during the quarter, compared to analysts’ expectations of $735.15 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 9 EPS for the current fiscal year.

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

Cracker Barrel Old Country Store declared that its board has authorized a share repurchase program on Tuesday, June 4th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of 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 worth $425,129,000 after purchasing an additional 36,576 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 worth $73,182,000 after purchasing an additional 432,447 shares during the period. Two Sigma Advisers LP grew its holdings in shares of 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 worth $68,890,000 after purchasing an additional 331,959 shares during the period. Marshall Wace LLP grew its holdings in shares of 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 worth $57,054,000 after purchasing an additional 144,284 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $51,245,000 after purchasing an additional 27,651 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

Several analysts have issued reports on the company. SunTrust Banks cut Inflarx from a “buy” rating to a “hold” rating and dropped their target price for the company from $55.00 to $5.00 in a report on Wednesday, June 5th. Maxim Group restated a “buy” rating and issued a $9.00 target price on shares of Pareteum in a report on Friday, June 28th. BidaskClub cut Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Saturday, June 1st. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a report on Wednesday, June 5th. Finally, ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $170.54.

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

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