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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Thursday, September 19th, Zacks reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, October 18th.

Cracker Barrel Old Country Store has raised its dividend by an average of 26.0% annually over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cracker Barrel Old Country Store to earn $3.19 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 31.3%.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $41.11 on Friday. The stock has a fifty day moving average price of $40.95 and a 200 day moving average price of $50.28. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The firm has a market capitalization of $912.72 million, a P/E ratio of 15.17, a PEG ratio of 0.94 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the company earned $1.79 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 3.83 earnings per share for the current year.

Wall Street Analyst Weigh In

CBRL has been the subject of several research reports. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Truist Financial cut their price objective on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Citigroup decreased their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Finally, UBS Group cut their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.57.

About Cracker Barrel Old Country Store

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.