Trade Report: Today: Cracker Barrel Old Country Store, Inc. (CBRL) VP Sold $1,640,500.00 in Stock

Today: Cracker Barrel Old Country Store, Inc. (CBRL) VP Sold $1,640,500.00 in Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) VP Nicholas V. Flanagan sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 12,679 shares of the company’s stock, valued at approximately $2,079,989.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 1.67% during midday trading on Monday, hitting $161.58. The stock had a trading volume of 332,127 shares. The stock has a 50-day moving average price of $140.97 and a 200 day moving average price of $151.66. Cracker Barrel Old Country Store, Inc. has a 12-month low of $118.01 and a 12-month high of $172.89. The firm has a market cap of $3.88 billion, a P/E ratio of 20.56 and a beta of 0.31.

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

The firm also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.23%.

A number of large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 113.7% in the second quarter. Nisa Investment Advisors LLC now owns 43,800 shares of the company’s stock worth $7,510,000 after buying an additional 23,300 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Cracker Barrel Old Country Store by 76.4% in the second quarter. Eqis Capital Management Inc. now owns 2,376 shares of the company’s stock worth $407,000 after buying an additional 1,029 shares in the last quarter. Kelman Lazarov Inc. raised its stake in shares of Cracker Barrel Old Country Store by 10.3% in the second quarter. Kelman Lazarov Inc. now owns 5,375 shares of the company’s stock worth $912,000 after buying an additional 500 shares in the last quarter. First Manhattan Co. acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth $342,000. Finally, Capstone Asset Management Co. raised its stake in shares of Cracker Barrel Old Country Store by 2.5% in the second quarter. Capstone Asset Management Co. now owns 27,279 shares of the company’s stock worth $4,678,000 after buying an additional 661 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on CBRL shares. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 22nd. Maxim Group increased their target price on Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. Telsey Advisory Group increased their target price on Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, November 23rd. 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 assigned a hold rating and two have given a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $162.50.

Cracker Barrel Old Country Store Company Profile

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