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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Tuesday, June 9th. Shareholders 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) dividend on an annualized basis and a yield of 2.8%. 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% meaning 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 $36.30 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. The business has a 50-day simple moving average of $30.80 and a two-hundred day simple moving average of $29.89. The stock has a market cap of $811.31 million, a price-to-earnings ratio of -201.66 and a beta of 1.30. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 earnings per share. On average, analysts expect that Cracker Barrel Old Country Store will post -1.26 EPS for the current year.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in CBRL. Alliancebernstein L.P. increased its stake in Cracker Barrel Old Country Store by 1,068.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after acquiring an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter worth approximately $43,930,000. Marshall Wace LLP purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $5,225,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $3,962,000. Institutional investors 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.