Cracker Barrel Old Country Store Inc. (CBRL) stock rose 2.6% in Tuesday premarket trading after the restaurant chain announced a new $25 million share repurchase program. The new authorization expires March 5, 2021. The new program replaces a previous $50 million buyback program, the full amount of which had been expended this quarter. Cracker Barrel stock has tumbled 23.3% over the past year while the S&P 500 index is up 0.1% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 10, 2020 08:11 ET (12:11 GMT)
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