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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Shareholders of record on Friday, July 18th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, August 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%.

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 payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research 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

CBRL traded down $4.14 during trading on Thursday, reaching $53.63. The company's stock had a trading volume of 1,620,087 shares, compared to its average volume of 812,075. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 8.36 and a beta of 1.36. The firm has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $49.81. Cracker Barrel Old Country Store has a 1 year low of $33.86 and a 1 year high of $65.43. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CBRL. Citigroup reiterated a "sell" rating and set a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Truist Financial set a $63.00 target price on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Finally, UBS Group upped their price objective on Cracker Barrel Old Country Store from $48.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and a consensus target price of $54.00.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 31,800 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of $37.31 per share, for a total transaction of $1,186,458.00. Following the acquisition, the insider now owns 2,484,000 shares in the company, valued at $92,678,040. The trade was a 1.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 385,307 shares of company stock worth $15,679,910 over the last three months. Insiders own 1.40% of the company's stock.

Institutional Trading of Cracker Barrel Old Country Store

A hedge fund recently raised its stake in Cracker Barrel Old Country Store stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,138 shares of the restaurant operator's stock after buying an additional 546 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Cracker Barrel Old Country Store worth $510,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Company Profile

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.