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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, May 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%.

Cracker Barrel Old Country Store has decreased its dividend by an average of 17.1% per year over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Cracker Barrel Old Country Store stock opened at $46.07 on Thursday. The company’s 50 day simple moving average is $54.55 and its 200-day simple moving average is $49.18. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $74.21. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, March 6th. The restaurant operator reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.38. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. As a group, equities research analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Loop Capital boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Bank of America increased their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Finally, Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $57.63.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.