Key Points
- Cracker Barrel SVP Donna Roberts sold 3,500 shares at an average price of $52.08, totaling $182,280. The sale reduced her holdings by 7.41% and was made to cover tax withholding on vested equity awards.
- CBRL shares opened at $51.72 after recently trading down 1.7%; the company reported quarterly EPS of $0.99, well above the $0.17 analyst consensus, while revenue fell 2.2% year over year to $849.34 million.
- The company declared a quarterly dividend of $0.25, equivalent to a $1.00 annualized payout and a 1.9% yield. Analysts have an overall “Hold” rating, with an average price target of $50.86.
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) SVP Donna Roberts sold 3,500 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $52.08, for a total value of $182,280.00. Following the completion of the transaction, the senior vice president owned 43,702 shares in the company, valued at $2,276,000.16. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Cracker Barrel Old Country Store Trading Down 1.7%
Shares of CBRL opened at $51.72 on Friday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $60.26. The stock has a market cap of $1.16 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. The firm's fifty day moving average is $53.78 and its two-hundred day moving average is $42.97. The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.82. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. The firm had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. During the same period in the previous year, the business posted $0.74 earnings per share. Cracker Barrel Old Country Store's quarterly revenue was down 2.2% on a year-over-year basis. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 1.18 earnings per share for the current fiscal year.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Friday, October 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 16th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 71.43%.
Institutional Trading of Cracker Barrel Old Country Store
Several institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $347,000. Integrated Wealth Concepts LLC purchased a new position in Cracker Barrel Old Country Store in the second quarter worth approximately $91,000. Allworth Financial LP grew its position in Cracker Barrel Old Country Store by 109.5% in the second quarter. Allworth Financial LP now owns 2,149 shares of the restaurant operator's stock worth $115,000 after acquiring an additional 1,123 shares during the period. Arizona State Retirement System acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth $312,000. Finally, Corient Private Wealth LP increased its stake in Cracker Barrel Old Country Store by 102.9% during the second quarter. Corient Private Wealth LP now owns 45,996 shares of the restaurant operator's stock worth $2,452,000 after acquiring an additional 23,322 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CBRL. Zacks Research upgraded Cracker Barrel Old Country Store from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 24th. Piper Sandler reissued a "neutral" rating and set a $51.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Weiss Ratings raised Cracker Barrel Old Country Store from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, September 21st. Citigroup upped their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a "sell" rating in a report on Friday, September 25th. Finally, UBS Group raised their target price on Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a "neutral" rating in a research note on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average target price of $50.86.
Read Our Latest Research Report on CBRL
Cracker Barrel Old Country Store Company Profile
(
Get Free Report)
Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.
The company's adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel's locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.
Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.
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