CBRL approves $65M share repurchase plan

LEBANON Tenn. CBRL Group Inc., parent of the Cracker Barrel family-dining chain, said Friday that its board had authorized the repurchase of up to $65 million of common stock.

CBRL had roughly 22.15 million shares outstanding as of its latest quarterly report, for the period ended May 2. In trading on Friday, CBRL's stock rose 2.8 percent to close at $24.85.

CBRL operates 577 Cracker Barrel Old Country Store restaurants and gift shops in 41 states.

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