Cracker Barrel Old Country Store, Inc. (CBRL) To Go Ex-Dividend on October 16th

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Friday, October 16th will be paid a dividend of $0.25 per share by the restaurant operator on Thursday, November 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 16th.

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 dividend payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cracker Barrel Old Country Store to earn $2.10 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 47.6%.

Cracker Barrel Old Country Store Stock Up 9.1%

Shares of NASDAQ CBRL opened at $51.84 on Friday. The firm’s fifty day moving average is $53.85 and its 200 day moving average is $42.11. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $60.26. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 37.03 and a beta of 1.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.82. The business had revenue of $849.34 million during the quarter, compared to analysts’ expectations of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. On average, equities research analysts expect that Cracker Barrel Old Country Store will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBRL. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cracker Barrel Old Country Store in the second quarter worth about $11,152,000. Meros Investment Management LP bought a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $8,492,076. Jupiter Asset Management Ltd. increased its position in Cracker Barrel Old Country Store by 173.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after buying an additional 98,686 shares in the last quarter. Royal Bank of Canada raised its stake in Cracker Barrel Old Country Store by 55.0% during the first quarter. Royal Bank of Canada now owns 153,397 shares of the restaurant operator’s stock valued at $4,312,000 after buying an additional 54,431 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Cracker Barrel Old Country Store by 262.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock worth $3,806,000 after acquiring an additional 108,533 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.