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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Wednesday, March 4th. Investors 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) annualized dividend 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 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 $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%

Shares of NASDAQ CBRL opened at $30.62 on Thursday. The company has a market cap of $683.74 million, a price-to-earnings ratio of 40.83 and a beta of 1.24. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $71.93. The stock has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $36.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.35. The company had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. As a group, analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the company’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the sale, the insider directly owned 2,240,200 shares of the company’s stock, valued at approximately $57,259,512. This represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 254,400 shares of company stock valued at $6,661,464. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

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