Cracker Barrel Old Country Store, Inc. (CBRL) to Issue Quarterly Dividend of $0.25 on May 13th

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.25 per share by the restaurant operator on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date 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% 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 Stock Down 4.1%

Shares of CBRL opened at $28.42 on Wednesday. The firm has a market cap of $635.22 million, a PE ratio of -157.88 and a beta of 1.24. The company’s fifty day moving average is $30.13 and its two-hundred day moving average is $31.72. Cracker Barrel Old Country Store has a fifty-two week low of $24.85 and a fifty-two week high of $71.93. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same quarter last year, the firm posted $1.38 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share 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.