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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, October 18th.

Cracker Barrel Old Country Store has increased its dividend payment by an average of 26.0% per year over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cracker Barrel Old Country Store to earn $3.63 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 27.5%.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $45.57 on Wednesday. The company has a market capitalization of $1.01 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.43. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The business has a 50-day simple moving average of $41.33 and a two-hundred day simple moving average of $47.03.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS. Research analysts expect that Cracker Barrel Old Country Store will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Loop Capital dropped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Truist Financial lifted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. 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 lifted their target price on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, September 20th. Finally, UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $53.57.

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.