Today: Today, Cracker Barrel Old Country Store Inc. (CBRL) VP Nicholas V. Flanagan Sold 10,000 Shares

Today, Cracker Barrel Old Country Store Inc. (CBRL) VP Nicholas V. Flanagan Sold 10,000 Shares

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) VP Nicholas V. Flanagan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $164.05, for a total value of $1,640,500.00. Following the transaction, the vice president now directly owns 12,679 shares in the company, valued at approximately $2,079,989.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 161.58 on Tuesday. The company has a 50-day moving average price of $141.77 and a 200 day moving average price of $151.78. The company has a market capitalization of $3.88 billion, a P/E ratio of 20.56 and a beta of 0.31. Cracker Barrel Old Country Store Inc. has a 1-year low of $118.01 and a 1-year high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.17. The business had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store Inc. will post $8.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $4.60 annualized dividend and a yield of 2.86%. Cracker Barrel Old Country Store’s payout ratio is currently 56.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Synovus Financial Corp raised its position in Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock worth $120,000 after buying an additional 6 shares in the last quarter. BB&T Securities LLC raised its position in Cracker Barrel Old Country Store by 1.3% in the second quarter. BB&T Securities LLC now owns 1,670 shares of the company’s stock worth $286,000 after buying an additional 21 shares in the last quarter. Eaton Vance Management raised its position in Cracker Barrel Old Country Store by 0.6% in the second quarter. Eaton Vance Management now owns 4,339 shares of the company’s stock worth $744,000 after buying an additional 25 shares in the last quarter. Jensen Investment Management Inc. raised its position in Cracker Barrel Old Country Store by 1.8% in the second quarter. Jensen Investment Management Inc. now owns 2,760 shares of the company’s stock worth $473,000 after buying an additional 50 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a research report on Wednesday, November 23rd. Wells Fargo & Co. reissued a “market perform” rating and set a $132.50 target price (down from $164.00) on shares of Cracker Barrel Old Country Store in a report on Friday, September 16th. Telsey Advisory Group boosted their target price on Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, November 23rd. Maxim Group decreased their target price on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Finally, Bank of America Corp. reissued a “sell” rating and set a $140.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $162.50.

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