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

Key Points

• Cracker Barrel Old Country Store, Inc. has declared a quarterly dividend of $0.25 per share, with stockholders of record set to receive it on November 12th; this represents an annualized yield of 2.0%.
• The restaurant operator reported earnings of $0.74 per share, which missed analysts' expectations of $0.77, but had a revenue of $868.01 million, surpassing the estimate of $853.90 million.
• Equities analysts have varying target prices for Cracker Barrel stock, with an average consensus of $53.71, indicating a mix of "buy," "hold," and "sell" ratings among analysts.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) declared a quarterly dividend on Wednesday, September 17th. Investors of record on Friday, October 17th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, November 12th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 17th.

Cracker Barrel Old Country Store has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. 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 5.0%

Shares of NASDAQ:CBRL traded down $2.30 during trading on Friday, hitting $43.50. The company's stock had a trading volume of 3,173,720 shares, compared to its average volume of 2,096,915. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.50. Cracker Barrel Old Country Store has a fifty-two week low of $33.85 and a fifty-two week high of $71.93. The stock's 50-day moving average price is $58.32 and its two-hundred day moving average price is $52.91. The company has a market capitalization of $968.75 million, a PE ratio of 21.01 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The business had revenue of $868.01 million during the quarter, compared to analyst estimates of $853.90 million. During the same quarter last year, the firm posted $0.98 EPS. The company's revenue was down 2.9% compared to the same quarter last year. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

CBRL has been the topic of several research reports. Bank of America cut their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating on the stock in a research note on Thursday. Truist Financial set a $58.00 price objective on Cracker Barrel Old Country Store in a research note on Thursday. Wall Street Zen cut Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research note on Saturday. Citigroup cut their price objective on Cracker Barrel Old Country Store from $47.00 to $42.00 and set a "sell" rating on the stock in a research note on Thursday. Finally, Piper Sandler cut their price objective on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $52.43.

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.