Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) major shareholder Sardar Biglari sold 45,942 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $170.30, for a total transaction of $7,823,922.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Sardar Biglari also recently made the following trade(s):

  • On Monday, February 4th, Sardar Biglari sold 54,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.12, for a total transaction of $9,132,480.00.
  • On Monday, January 28th, Sardar Biglari sold 140,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.54, for a total transaction of $23,735,600.00.
  • On Tuesday, January 22nd, Sardar Biglari sold 3,300 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.12, for a total transaction of $558,096.00.
  • On Thursday, January 24th, Sardar Biglari sold 56,494 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.19, for a total transaction of $9,558,219.86.
  • On Friday, January 18th, Sardar Biglari sold 9,461 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.16, for a total transaction of $1,600,422.76.
  • On Friday, January 11th, Sardar Biglari sold 45,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.18, for a total transaction of $7,613,100.00.
  • On Tuesday, January 15th, Sardar Biglari sold 149,683 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $169.26, for a total transaction of $25,335,344.58.
  • On Tuesday, December 18th, Sardar Biglari sold 42,258 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $171.24, for a total transaction of $7,236,259.92.
  • On Thursday, December 13th, Sardar Biglari sold 32,600 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $174.70, for a total transaction of $5,695,220.00.
  • On Tuesday, December 11th, Sardar Biglari sold 17,000 shares of Cracker Barrel Old Country Store stock. The shares were sold at an average price of $174.88, for a total transaction of $2,972,960.00.

NASDAQ CBRL opened at $168.82 on Friday. 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 stock has a market capitalization of $4.09 billion, a PE ratio of 19.03, a P/E/G ratio of 1.89 and a beta of 0.50. Cracker Barrel Old Country Store, Inc. has a 12 month low of $141.63 and a 12 month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.05. The firm had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $720.94 million. Cracker Barrel Old Country Store had a net margin of 8.14% and a return on equity of 35.18%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 8.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 5th. Stockholders of record on Friday, January 18th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, January 17th. Cracker Barrel Old Country Store’s payout ratio is presently 56.37%.

Several hedge funds and other institutional investors have recently bought and sold shares of CBRL. Millennium Management LLC lifted its stake in Cracker Barrel Old Country Store by 106.9% in the second quarter. Millennium Management LLC now owns 12,406 shares of the restaurant operator’s stock worth $1,938,000 after acquiring an additional 6,410 shares during the period. California Public Employees Retirement System lifted its stake in Cracker Barrel Old Country Store by 22.0% in the second quarter. California Public Employees Retirement System now owns 48,782 shares of the restaurant operator’s stock worth $7,620,000 after acquiring an additional 8,791 shares during the period. Northern Trust Corp lifted its stake in Cracker Barrel Old Country Store by 1.2% in the second quarter. Northern Trust Corp now owns 376,578 shares of the restaurant operator’s stock worth $58,825,000 after acquiring an additional 4,560 shares during the period. State of Alaska Department of Revenue purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth about $447,000. Finally, Iberiabank Corp lifted its stake in Cracker Barrel Old Country Store by 3.2% in the third quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock worth $1,741,000 after acquiring an additional 367 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

A number of research firms have weighed in on CBRL. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $201.00 price target on the stock in a report on Wednesday, December 5th. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $181.75 price target on the stock. in a report on Sunday, December 2nd. Finally, Gordon Haskett cut shares of Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $165.34.

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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.

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Insider Buying and Selling by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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