Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Announces $1.30 Quarterly Dividend

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) announced a quarterly dividend on Thursday, February 24th, RTT News reports. Investors of record on Monday, April 18th will be paid a dividend of 1.30 per share by the restaurant operator on Tuesday, May 3rd. This represents a $5.20 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, April 14th.

Cracker Barrel Old Country Store has a payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cracker Barrel Old Country Store to earn $7.65 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 68.0%.

Shares of NASDAQ:CBRL opened at $113.63 on Tuesday. The company has a 50-day moving average price of $121.81 and a 200 day moving average price of $128.42. The company has a current ratio of 0.64, a quick ratio of 0.32 and a debt-to-equity ratio of 0.54. Cracker Barrel Old Country Store has a 12 month low of $107.24 and a 12 month high of $178.82. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.28 and a beta of 1.31.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last announced its earnings results on Tuesday, February 22nd. The restaurant operator reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.09. The firm had revenue of $862.26 million during the quarter, compared to analysts’ expectations of $866.00 million. Cracker Barrel Old Country Store had a return on equity of 25.93% and a net margin of 4.48%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, equities analysts forecast that Cracker Barrel Old Country Store will post 6.84 EPS for the current year.

Several brokerages have recently weighed in on CBRL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $140.00 target price on shares of Cracker Barrel Old Country Store in a research note on Friday, December 17th. TheStreet downgraded shares of Cracker Barrel Old Country Store from a “b” rating to a “c+” rating in a research note on Friday, December 31st. Loop Capital cut their target price on Cracker Barrel Old Country Store from $132.00 to $113.00 in a research note on Thursday, April 7th. StockNews.com lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Friday, April 1st. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a $138.00 price objective on the stock in a research report on Friday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $138.86.

In other Cracker Barrel Old Country Store news, SVP Laura A. Daily sold 1,700 shares of the firm’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $117.28, for a total value of $199,376.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 0.9% in the 4th quarter. BlackRock Inc. now owns 2,527,996 shares of the restaurant operator’s stock valued at $325,201,000 after buying an additional 21,897 shares during the period. Deutsche Bank AG lifted its holdings in Cracker Barrel Old Country Store by 74.1% in the fourth quarter. Deutsche Bank AG now owns 27,442 shares of the restaurant operator’s stock valued at $3,531,000 after acquiring an additional 11,679 shares during the period. California State Teachers Retirement System boosted its position in Cracker Barrel Old Country Store by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 32,149 shares of the restaurant operator’s stock worth $4,136,000 after purchasing an additional 623 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $32,000. Finally, Stifel Financial Corp increased its holdings in shares of Cracker Barrel Old Country Store by 6.0% during the 4th quarter. Stifel Financial Corp now owns 42,131 shares of the restaurant operator’s stock valued at $5,419,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

About Cracker Barrel Old Country Store (Get Rating)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

Featured Articles

Dividend History for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.