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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be given 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 dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, January 17th.

Cracker Barrel Old Country Store has raised its dividend by an average of 26.0% per year 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. Research 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 %

Shares of CBRL stock traded down $3.67 during mid-day trading on Thursday, reaching $51.06. The stock had a trading volume of 1,125,402 shares, compared to its average volume of 737,522. The stock’s 50-day moving average price is $48.16 and its two-hundred day moving average price is $44.53. 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 $1.13 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share 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 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 company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 EPS. Equities analysts expect that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, November 18th. Finally, UBS Group upped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average 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.