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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Friday, October 16th will be paid a dividend of 0.25 per share by the restaurant operator on Thursday, November 12th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, October 16th.

Cracker Barrel Old Country Store has decreased its dividend by an average of 0.2%annually 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. Research analysts expect Cracker Barrel Old Country Store to earn $1.27 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 78.7%.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded up $2.04 on Wednesday, reaching $47.52. 2,835,228 shares of the company were exchanged, compared to its average volume of 1,194,762. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 40.97 and a beta of 1.19. The business has a 50-day moving average price of $53.91 and a 200 day moving average price of $41.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $60.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.82. The firm had revenue of $849.34 million for the quarter, compared to analyst estimates of $844.99 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. Cracker Barrel Old Country Store’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. Equities research analysts forecast that Cracker Barrel Old Country Store will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of CBRL. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $11,152,000. Meros Investment Management LP purchased a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at about $8,492,076. Jupiter Asset Management Ltd. grew its holdings in shares of Cracker Barrel Old Country Store by 173.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after purchasing an additional 98,686 shares during the period. Royal Bank of Canada increased its position in Cracker Barrel Old Country Store by 55.0% during the first quarter. Royal Bank of Canada now owns 153,397 shares of the restaurant operator’s stock worth $4,312,000 after purchasing an additional 54,431 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Cracker Barrel Old Country Store by 262.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock worth $3,806,000 after purchasing an additional 108,533 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.