Cracker Barrel Old Country Store, Inc. (CBRL) to Distribute Quarterly Dividend of $0.25 on November 12th

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Friday, September 18th. Shareholders 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 $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 16th.

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. Equities research analysts expect Cracker Barrel Old Country Store to earn $1.90 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 52.6%.

Cracker Barrel Old Country Store Stock Up 4.3%

CBRL stock opened at $61.25 on Wednesday. Cracker Barrel Old Country Store has a twelve month low of $24.85 and a twelve month high of $61.32. The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.37 billion, a P/E ratio of 43.75, a PEG ratio of 1.40 and a beta of 1.21. The business’s 50-day moving average price is $54.03 and its 200-day moving average price is $44.63.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.82. The company had revenue of $849.34 million during the quarter, compared to the consensus estimate of $834.57 million. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. On average, equities research analysts forecast that Cracker Barrel Old Country Store will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with country-themed retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve Southern-inspired comfort food, including breakfast items, lunch and dinner entrées, biscuits, desserts and beverages. The retail stores offer home décor, apparel, gifts, seasonal merchandise, toys and other products with a traditional country and Americana theme.

Founded in 1969 by Dan Evins, Cracker Barrel opened its first location in Lebanon, Tennessee.