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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced 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) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, July 17th.

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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of CBRL opened at $44.49 on Thursday. 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 fifty day moving average price of $31.13 and a 200-day moving average price of $30.02. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.90. The firm has a market cap of $994.35 million, a PE ratio of 38.35 and a beta of 1.30.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.82% and a net margin of 0.79%.The firm had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that Cracker Barrel Old Country Store will post -1.26 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 made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter worth $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter worth $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store in the second quarter worth $37,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 321 shares in the last quarter. 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.