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Cracker Barrel Old Country Store (NASDAQ:CBRL) — This company operates 604 Cracker Barrel stores in 42 states, and its business plan consists of a rustic, old country store format providing a restaurant menu with homestyle country food. The stores also offer decorative and functional items, holiday gifts, toys, apparel, cookware and food items.
The company has increased earnings from $3.64 to an estimated $4.50 over the past five quarters, showing a strong acceleration in quarterly earnings rates. Return on equity is 28.3%, and its dividend yield is 2.5%.
The Trade of the Day highlighted CBRL on July 2 at about the current price, but yesterday, it was announced that insider Sardar Biglari purchased more than 48,000 shares ($2.7 million). He has been accumulating shares since the beginning of the year.
The stock is in a powerful bull channel and picking up more buyers. And the stochastic issued a buy signal. The technical target is $72.
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