A Major Shareholder at Cracker Barrel (NASDAQ: CBRL) is Selling Shares

By Carrie Williams

Today, a Major Shareholder at Cracker Barrel (CBRLResearch Report), Sardar Biglari, sold shares of CBRL for $25.72M.

See today’s analyst top recommended stocks >>

Based on Cracker Barrel’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $740 million and quarterly net profit of $50.41 million. In comparison, last year the company earned revenue of $721 million and had a net profit of $48.75 million. CBRL’s market cap is $4.13B and the company has a P/E ratio of 18.81. Currently, Cracker Barrel has an average volume of 526.7K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $172.00, reflecting a -0.6% downside.

Sardar Biglari’s trades have generated a 16.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cracker Barrel Old Country Store, Inc. engages in the operation and development of restaurant and retail concepts. It operates restaurants under the Cracker Barrel Old Country Store brand. It serves breakfast, lunch and dinner, seasonal, kids, and dessert menus. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.