Cracker Barrel Old Country Store (NASDAQ:CBRL) SVP Donna Roberts Sells 3,500 Shares of Company Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) SVP Donna Roberts sold 3,500 shares of the business’s stock in a transaction dated 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 directly owned 43,702 shares of the company’s stock, valued at approximately $2,276,000.16. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cracker Barrel Old Country Store Stock Performance

CBRL stock traded down $0.90 during trading on Thursday, hitting $51.72. 763,777 shares of the company traded hands, compared to its average volume of 1,193,641. The stock’s 50-day simple moving average is $53.78 and its 200 day simple moving average is $42.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.58 and a quick ratio of 0.24. The company has a market cap of $1.16 billion, a PE ratio of 36.94, a P/E/G ratio of 1.03 and a beta of 1.19. Cracker Barrel Old Country Store, Inc. has a 1 year low of $24.85 and a 1 year high of $60.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.82. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%.The company had revenue of $849.34 million during the quarter, compared to the consensus estimate of $834.57 million. During the same period in the previous year, the company posted $0.74 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 16th. Cracker Barrel Old Country Store’s payout ratio is currently 71.43%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently bought and sold shares of CBRL. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $11,152,000. Meros Investment Management LP acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth approximately $8,492,076. Bank of New York Mellon Corp acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth approximately $7,444,000. Commonwealth Equity Services LLC increased its position in shares of Cracker Barrel Old Country Store by 262.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock worth $3,806,000 after purchasing an additional 108,533 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $4,854,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CBRL shares. Bank of America reiterated an “underperform” rating and set a $48.00 price target on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 24th. Citigroup boosted their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, September 25th. 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. Wells Fargo & Company increased their target price on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.86.

Cracker Barrel Old Country Store Company Profile

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.