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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Wednesday, March 4th. 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) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, April 10th.

Cracker Barrel Old Country Store has decreased its dividend payment by an average of 0.2%annually over the last three years. Cracker Barrel Old Country Store has a payout ratio of 32.1% meaning 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 Stock Performance

NASDAQ CBRL opened at $30.62 on Thursday. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93. The company has a 50 day moving average of $30.85 and a 200-day moving average of $36.21. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The firm has a market cap of $683.74 million, a price-to-earnings ratio of 40.83 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The business had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. During the same period in the prior year, the company earned $1.38 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the transaction, the insider directly owned 2,240,200 shares in the company, valued at $57,259,512. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 254,400 shares of company stock worth $6,661,464. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $26,000. Assetmark Inc. lifted its stake in Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 419 shares during the period. Hilton Head Capital Partners LLC bought a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $35,000. Canada Pension Plan Investment Board bought a new position in Cracker Barrel Old Country Store during the second quarter worth about $37,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $51,000. Institutional investors and hedge funds 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.