CBRL Group, Inc. Announces a New Share Repurchase Authorization for 2 Million Shares.Business Editors LEBANON, Tenn.--(BUSINESS WIRE)--May 28, 2004 CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) Group, Inc. (the "Company") (Nasdaq: CBRL) today announced that it has been authorized by its Board of Directors to repurchase up to 2 million additional shares of its common stock. Such repurchases are expected to be made from time to time in open market transactions. The Company had approximately 48.7 million shares outstanding at the end of its third fiscal quarter on April 30, 2004. The Company has 892,000 shares remaining under its previous 2 million share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. authorization announced in February 2004. Thus far this fiscal year, the Company has repurchased 1,769,300 shares of its common stock for total consideration of approximately $69.2 million, or an average of $39.11 per share. Since its first share repurchase authorization in fiscal 1999, the Company has repurchased just over 22.7 million shares of its common stock for total consideration of approximately $593.7 million, or an average of $26.11 per share. Headquartered in Lebanon, Tennessee
Lebanon is a city in Wilson County, Tennessee, in the United States. The population was 20,235 at the 2000 census. , CBRL Group, Inc. presently operates 499 Cracker Barrel This article is about the restaurant-and-store chain. For the unrelated company marketing cheeses bearing the "Cracker Barrel" trademark, see Kraft Foods. Cracker Barrel Old Country Store, Inc. Old Country Store restaurants and gift shops located in 41 states and 107 company-operated and 19 franchised Logan's Roadhouse Logan's Roadhouse is a chain of restaurants that was founded in 1991, and in 1999 became a wholly owned subsidiary of the publicly held CBRL Group, Inc (which also owns Cracker Barrel). restaurants in 17 states. |
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