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

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. Stockholders 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 2.0%. The ex-dividend date is Friday, October 17th.

Cracker Barrel Old Country Store has a dividend payout ratio of 32.1% meaning 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 Performance

Shares of NASDAQ CBRL opened at $49.59 on Thursday. The firm has a 50 day moving average of $59.25 and a 200 day moving average of $52.76. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.22 and a beta of 1.41. Cracker Barrel Old Country Store has a 12-month low of $33.85 and a 12-month high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.03). The firm had revenue of $868.01 million during the quarter, compared to the consensus estimate of $853.90 million. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CBRL shares. UBS Group restated a "neutral" rating and set a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Truist Financial dropped their target price on shares of Cracker Barrel Old Country Store from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Monday. Loop Capital upped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. Bank of America dropped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating for the company in a research report on Thursday. Finally, Citigroup upped their target price on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "sell" rating in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $53.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.