Cracker Barrel Old Country Store Sees Unusually High Options Volume (NASDAQ:CBRL)

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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) saw some unusual options trading on Wednesday. Stock investors purchased 4,236 call options on the stock. This represents an increase of 1,413% compared to the typical volume of 280 call options.

Several equities analysts recently issued reports on CBRL shares. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. Gordon Haskett started coverage on Cracker Barrel Old Country Store in a research report on Thursday, October 18th. They issued a “hold” rating and a $152.00 price target on the stock. SunTrust Banks reduced their price target on Cracker Barrel Old Country Store to $146.00 and set a “positive” rating on the stock in a research report on Thursday, September 6th. ValuEngine lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Telsey Advisory Group raised Cracker Barrel Old Country Store from a “market perform” rating to an “outperform” rating and increased their price target for the company from $155.00 to $175.00 in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $160.00.

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

Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 273,583 shares of the restaurant operator’s stock worth $42,737,000 after buying an additional 17,412 shares during the last quarter. Creative Planning grew its stake in Cracker Barrel Old Country Store by 16.3% during the 3rd quarter. Creative Planning now owns 15,808 shares of the restaurant operator’s stock worth $2,326,000 after buying an additional 2,219 shares during the last quarter. Arizona State Retirement System grew its stake in Cracker Barrel Old Country Store by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,665 shares of the restaurant operator’s stock worth $2,603,000 after buying an additional 395 shares during the last quarter. Morgan Stanley grew its stake in shares of 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 last quarter. Finally, CSat Investment Advisory L.P. purchased a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $733,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Shares of CBRL traded up $0.16 during mid-day trading on Friday, reaching $169.78. The company’s stock had a trading volume of 378,195 shares, compared to its average volume of 386,710. Cracker Barrel Old Country Store has a 12-month low of $141.63 and a 12-month high of $179.12. The company has a market cap of $4.04 billion, a P/E ratio of 19.14, a PEG ratio of 2.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.84.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, September 18th. The restaurant operator reported $2.55 EPS 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 previous year, the company posted $2.23 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts predict that Cracker Barrel Old Country Store will post 8.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 5th. Stockholders of record on Friday, October 19th were issued a $1.25 dividend. The ex-dividend date was Thursday, October 18th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.94%. Cracker Barrel Old Country Store’s payout ratio is currently 56.37%.

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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.

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