Glonghui, May 18 | The volume of the American restaurant company CB Country Store (CBRL.US) plummeted. At one point, it fell nearly 16% to 48.18 US dollars during the intraday period, hitting a new low since March 2020. According to the news, the company cut dividends by more than 80% as part of a plan to increase investment to revive the chain. Bank of America (Bank of America) believes that the CB Country Store dividend cut was expected to a certain extent, but the reduction exceeded expectations. The “underweight” rating for the CB Village Store was maintained because it is expected that as demand resistance continues, the company's valuation will continue to be compressed to give a target price of $50.
美股异动丨CB乡村店大跌近16%，将股息削减逾80%
Changes in US stocks 丨 CB rural stores plummeted by nearly 16%, cutting dividends by more than 80%
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