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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Wednesday, March 4th. Shareholders of record on Friday, April 10th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, April 10th.

Cracker Barrel Old Country Store has decreased its dividend payment by an average of 0.2%annually over the last three years. Cracker Barrel Old Country Store has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Cracker Barrel Old Country Store to earn $3.10 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 32.3%.

Cracker Barrel Old Country Store Stock Down 0.3%

CBRL stock opened at $30.62 on Thursday. The stock has a market capitalization of $683.74 million, a price-to-earnings ratio of 40.83 and a beta of 1.24. The company has a 50-day moving average of $30.85 and a two-hundred day moving average of $36.21. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $71.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.16.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.35. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The business had revenue of $874.82 million during the quarter, compared to analysts’ expectations of $862.89 million. During the same quarter in the previous year, the firm earned $1.38 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the sale, the insider directly owned 2,240,200 shares in the company, valued at approximately $57,259,512. The trade was a 1.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 254,400 shares of company stock valued at $6,661,464. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $26,000. Assetmark Inc. boosted its stake in Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 419 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store during the second quarter worth $37,000. Finally, Byrne Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at $51,000. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.