Cracker Barrel Old Country Store, Inc. Buyback
OLI recorded this information on 9/29/2017
Company:
Cracker Barrel Old Country Store, Inc.
Buyback:
CBRL buyback
$Amount Authorized:
$25,000,000
Buyback Details:
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ: CBRL) today announced that its Board of Directors has declared a regular quarterly dividend to common shareholders of $1.20 per share, payable on November 6, 2017, to shareholders of record on October 13, 2017. The Board also authorized new share repurchases for up to $25 million of the Company's outstanding common stock. The share repurchase authorization is effective immediately and replaces the prior authorization.
Cracker Barrel Old Country Store is principally engaged in the operation and development of the Cracker Barrel Old Country Store® concept. Co.'s restaurants serve breakfast, lunch and dinner daily and provide dine-in, pick-up and delivery services. Certain of Co.'s restaurants serve an assortment of beer and wine. Co. also provides items for sale in its gift shops that are featured on, or related to, the restaurant menu, such as pies, cornbread mix, coffee, syrups and pancake mixes. Co.'s gift shops provide a variety of items such as rocking chairs, seasonal gifts, apparel, toys, cookware and various other gift items, as well as various candies, preserves and other food items.
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Avg. Broker Rec.
  
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Hold (1.71 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CBRL Stock Forecast Based on Zacks ABR data; powered by Xignite |
