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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Friday, July 17th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, August 12th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 17th.

Cracker Barrel Old Country Store has decreased its dividend by an average of 0.2%per year over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cracker Barrel Old Country Store to earn $0.64 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 156.3%.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $36.30 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a market capitalization of $811.31 million, a price-to-earnings ratio of -201.66 and a beta of 1.30. The company’s 50-day moving average is $30.80 and its two-hundred day moving average is $29.89. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. The company had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. Cracker Barrel Old Country Store’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Analysts forecast that Cracker Barrel Old Country Store will post -1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CBRL shares. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. Citigroup reaffirmed a “sell” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday. Bank of America upped their target price on shares of Cracker Barrel Old Country Store from $31.00 to $34.00 and gave the stock an “underperform” rating in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.14.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.