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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Tuesday, June 9th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.25 per share by the restaurant operator on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 17th.

Cracker Barrel Old Country Store has decreased its dividend by an average of 0.2%per year 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 $0.64 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 156.3%.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $36.30 on Wednesday. The stock has a market cap of $811.31 million, a price-to-earnings ratio of -201.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a 50 day moving average price of $30.80 and a 200-day moving average price of $29.89. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The company had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. During the same quarter in the previous year, the business earned $0.56 EPS. Cracker Barrel Old Country Store’s revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Cracker Barrel Old Country Store will post -1.26 EPS for the current year.

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.