Cracker Barrel Old Country Store Target of Unusually High Options Trading (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the recipient of some unusual options trading activity on Monday. Traders bought 1,637 put options on the stock. This represents an increase of approximately 1,430% compared to the average daily volume of 107 put options.

Cracker Barrel Old Country Store stock opened at $161.27 on Tuesday. Cracker Barrel Old Country Store has a 1-year low of $141.63 and a 1-year high of $179.12. The company has a market capitalization of $3.83 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 0.69.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.14). Cracker Barrel Old Country Store had a net margin of 8.17% and a return on equity of 35.81%. The business had revenue of $810.90 million during the quarter, compared to analysts’ expectations of $824.86 million. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Cracker Barrel Old Country Store will post 8.86 EPS for the current year.



The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, October 19th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $5.00 dividend on an annualized basis and a yield of 3.10%. Cracker Barrel Old Country Store’s dividend payout ratio is 56.37%.

Several equities research analysts have recently issued reports on CBRL shares. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. SunTrust Banks decreased their price target on shares of Cracker Barrel Old Country Store to $146.00 and set a “positive” rating for the company in a research note on Thursday, September 6th. ValuEngine lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $187.00 in a research note on Thursday, July 26th. Finally, BidaskClub lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $160.00.

In other news, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $145.81, for a total transaction of $874,860.00. Following the completion of the sale, the vice president now owns 18,784 shares in the company, valued at approximately $2,738,895.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total transaction of $398,944.00. Following the sale, the vice president now owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CBRL. Advisors Asset Management Inc. grew its stake in Cracker Barrel Old Country Store by 1,039.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 692,385 shares of the restaurant operator’s stock valued at $7,630,000 after buying an additional 631,635 shares in the last quarter. Marshall Wace LLP boosted its holdings in Cracker Barrel Old Country Store by 10,673.7% in the 2nd quarter. Marshall Wace LLP now owns 258,569 shares of the restaurant operator’s stock valued at $40,391,000 after purchasing an additional 256,169 shares during the period. BlackRock Inc. boosted its holdings in Cracker Barrel Old Country Store by 5.3% in the 2nd quarter. BlackRock Inc. now owns 2,513,796 shares of the restaurant operator’s stock valued at $392,679,000 after purchasing an additional 127,574 shares during the period. Morgan Stanley boosted its holdings in Cracker Barrel Old Country Store by 30.1% in the 2nd quarter. Morgan Stanley now owns 319,596 shares of the restaurant operator’s stock valued at $49,923,000 after purchasing an additional 74,028 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Cracker Barrel Old Country Store by 108.6% in the 2nd quarter. SG Americas Securities LLC now owns 117,336 shares of the restaurant operator’s stock valued at $18,329,000 after purchasing an additional 61,096 shares during the period. Institutional investors and hedge funds own 87.05% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

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.

See Also: What is the Dow Jones Industrial Average (DJIA)?

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.

Leave a Reply