Cracker Barrel Old Country Store, Inc. (CBRL) to Issue Quarterly Dividend of $0.25 on August 12th

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, July 17th will be given 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 dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th.

Cracker Barrel Old Country Store has decreased its dividend by an average of 0.2%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. Analysts expect Cracker Barrel Old Country Store to earn $0.67 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 149.3%.

Cracker Barrel Old Country Store Stock Performance

CBRL stock opened at $53.36 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 46.00 and a beta of 1.20. The stock’s 50 day simple moving average is $40.63 and its 200 day simple moving average is $33.72. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $71.93. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.74. The company had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. As a group, research analysts forecast that Cracker Barrel Old Country Store will post -0.83 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Company Profile

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.