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 Video: What is a Stock Split?
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| 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. According to our CBRL split history records, Cracker Barrel Old Country Store has had 6 splits. | |
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Cracker Barrel Old Country Store (CBRL) has 6 splits in our CBRL split history database. The first split for CBRL took place on March 27, 1987. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CBRL's second split took place on February 14, 1989. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CBRL's third split took place on April 03, 1990. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. CBRL's 4th split took place on March 25, 1991. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. CBRL's 5th split took place on March 23, 1992. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. CBRL's 6th split took place on March 22, 1993. This was a 3 for 2
split, meaning for each 2
shares of CBRL owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.
When a company such as Cracker Barrel Old Country Store splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CBRL split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cracker Barrel Old Country Store shares, starting with a $10,000 purchase of CBRL, presented on a split-history-adjusted basis factoring in the complete CBRL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$103.93 |
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| End price/share: |
$44.40 |
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| Starting shares: |
96.22 |
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| Ending shares: |
153.26 |
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| Dividends reinvested/share: |
$60.35 |
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| Total return: |
-31.95% |
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| Average Annual Total Return: |
-3.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,801.55 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$103.93 |
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| End price/share: |
$44.40 |
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| Dividends collected/share: |
$60.35 |
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| Total return: |
0.79% |
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| Average Annual Total Return: |
0.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,080.31 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/27/1987 | 3 for 2
| | 02/14/1989 | 3 for 2
| | 04/03/1990 | 3 for 2
| | 03/25/1991 | 3 for 2
| | 03/23/1992 | 3 for 2
| | 03/22/1993 | 3 for 2
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