Have Cracker Barrel Old Country Store Insiders Been Selling Stock?
We'd be surprised if Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shareholders haven't noticed that the Senior VP & Chief Human Resources Officer, Donna Roberts, recently sold US$182k worth of stock at US$52.08 per share. The eyebrow raising move amounted to a reduction of 22% in their holding.
The Last 12 Months Of Insider Transactions At Cracker Barrel Old Country Store
In the last twelve months, the biggest single sale by an insider was when the insider, Thomas Claugus, sold US$201k worth of shares at a price of US$28.60 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$55.76. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 4.5% of Thomas Claugus's holding.
Insiders in Cracker Barrel Old Country Store didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Cracker Barrel Old Country Store
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Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.3% of Cracker Barrel Old Country Store shares, worth about US$15m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Cracker Barrel Old Country Store Insider Transactions Indicate?
An insider hasn't bought Cracker Barrel Old Country Store stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 4 warning signs for Cracker Barrel Old Country Store you should be aware of.
Of course Cracker Barrel Old Country Store may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.