Cracker Barrel Old Country Store, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.25 per share by the restaurant operator on Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, January 17th.

Cracker Barrel Old Country Store has increased its dividend payment by an average of 26.0% annually over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cracker Barrel Old Country Store to earn $3.68 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 27.2%.

Cracker Barrel Old Country Store Trading Down 6.7 %

CBRL traded down $3.67 during trading on Thursday, reaching $51.06. 1,125,402 shares of the stock traded hands, compared to its average volume of 737,522. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.13 billion, a PE ratio of 28.15, a P/E/G ratio of 1.58 and a beta of 1.45. The stock’s 50-day moving average is $48.16 and its 200 day moving average is $44.53. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CBRL. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday. Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Loop Capital increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday. Finally, UBS Group increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.