Cracker Barrel Old Country Store, Inc. (CBRL) Major Shareholder Sardar Biglari Sells 171,441 Shares

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 171,441 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $182.57, for a total value of $31,299,983.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Monday, December 3rd, Sardar Biglari sold 243,718 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $182.26, for a total value of $44,420,042.68.

Shares of NASDAQ:CBRL traded down $1.21 during mid-day trading on Monday, reaching $179.60. The stock had a trading volume of 589,300 shares, compared to its average volume of 346,514. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.35 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.01 and a beta of 0.40. Cracker Barrel Old Country Store, Inc. has a 1 year low of $141.63 and a 1 year high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $733.50 million for the quarter, compared to the consensus estimate of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 earnings per share. On average, research 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 quarterly dividend, which will be paid on Tuesday, February 5th. Investors of record on Friday, January 18th will be given a $1.25 dividend. The ex-dividend date is Thursday, January 17th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.78%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.

Several large investors have recently bought and sold shares of CBRL. Fifth Third Bancorp lifted its position in shares of Cracker Barrel Old Country Store by 128.0% in the third quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock worth $101,000 after buying an additional 384 shares in the last quarter. FMR LLC purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at approximately $144,000. Stratos Wealth Partners LTD. purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at approximately $169,000. Wellington Shields Capital Management LLC purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at approximately $209,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Cracker Barrel Old Country Store during the second quarter valued at approximately $230,000. Institutional investors own 87.84% of the company’s stock.

CBRL has been the topic of several research analyst reports. Maxim Group lowered their price objective on Cracker Barrel Old Country Store from $187.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, September 19th. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Thursday, October 18th. ValuEngine upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Thursday. Finally, Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $166.84.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2018/12/03/cracker-barrel-old-country-store-inc-cbrl-major-shareholder-sardar-biglari-sells-171441-shares.html.

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.

Read More: What Factors Can Affect Return on Equity?

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit