Cracker Barrel Old Country Store (NASDAQ:CBRL) SVP Sells $182,280.00 in Stock

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

Cracker Barrel Old Country Store Stock Up 7.8%

NASDAQ:CBRL opened at $55.76 on Friday. 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, Inc. has a 12-month low of $24.85 and a 12-month high of $60.26. The stock’s fifty day simple moving average is $53.82 and its 200-day simple moving average is $43.06. The firm has a market capitalization of $1.25 billion, a P/E ratio of 39.83, a P/E/G ratio of 1.10 and a beta of 1.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 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 business had revenue of $849.34 million during the quarter, compared to the consensus estimate of $834.57 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 1.45 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 71.43%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, September 25th. UBS Group lifted their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, September 21st. Bank of America reissued an “underperform” rating and issued a $48.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 24th. Finally, Wells Fargo & Company upped their price objective on shares of 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. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.86.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CBRL. Quantinno Capital Management LP acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth $858,000. Biglari Sardar bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $3,685,215. Pinnacle Holdings LLC acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth $1,639,000. Legal & General Group Plc acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth $2,867,000. Finally, Fifth Third Bancorp increased its holdings in Cracker Barrel Old Country Store by 5,188.7% during the 1st quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator’s stock worth $827,000 after purchasing an additional 28,849 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with country-themed retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve Southern-inspired comfort food, including breakfast items, lunch and dinner entrées, biscuits, desserts and beverages. The retail stores offer home décor, apparel, gifts, seasonal merchandise, toys and other products with a traditional country and Americana theme.

Founded in 1969 by Dan Evins, Cracker Barrel opened its first location in Lebanon, Tennessee.