Cracker Barrel Maintains Its Current Share Repurchase Authorization That Has $138M Of Remaining Availability
Portfolio Pulse from Benzinga Newsdesk
Cracker Barrel has announced that it will maintain its current share repurchase authorization, which has $138 million of remaining availability.
May 16, 2024 | 8:13 pm
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POSITIVE IMPACT
Cracker Barrel has decided to maintain its current share repurchase authorization, which still has $138 million available. This move indicates the company's confidence in its financial stability and could potentially support the stock price in the short term.
Maintaining the share repurchase authorization suggests that Cracker Barrel is confident in its financial health and is committed to returning value to shareholders. This could positively impact the stock price as buybacks reduce the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100