Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) plans a quarterly dividend of $0.25

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

Cracker Barrel Old Country Store has increased 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. Analysts expect Cracker Barrel Old Country Store to earn $3.19 per share next year, which means the company should be able to continue to cover its $1.00 annual dividend with an estimated future payout ratio of 31 .3%.

Cracker Barrel Old Country Store Trades Down 1.1%

Shares of CBRL opened at $41.11 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23, and a current ratio of 0.63. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The stock has a 50-day moving average price of $40.95 and a 200-day moving average price of $50.28. The company has a market cap of $912.72 million, a P/E ratio of 15.17, a P/E/G ratio of 0.94 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Your Free Report ) last released its quarterly 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 analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted EPS of $1.79. sell-side analysts predict that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

The Wall Street analyst weighs in

A number of equities research analysts have recently issued reports on CBRL shares. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Citigroup decreased their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Bank of America cut their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Finally, Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.57, according to MarketBeat.

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About the Cracker Barrel Old Country Store

(Get a free report)

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.

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