Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Tuesday, September 18th, RTT News reports. Stockholders of record on Friday, October 19th will be given a dividend of 1.25 per share by the restaurant operator on Monday, November 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 18th.

Cracker Barrel Old Country Store has raised its dividend by an average of 10.3% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Cracker Barrel Old Country Store has a payout ratio of 56.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cracker Barrel Old Country Store to earn $9.21 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 54.3%.

CBRL stock opened at $150.31 on Friday. The firm has a market capitalization of $3.53 billion, a PE ratio of 16.95, a PEG ratio of 2.29 and a beta of 0.58. Cracker Barrel Old Country Store has a 1 year low of $141.63 and a 1 year high of $179.12. The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.69 by ($0.14). The firm had revenue of $810.90 million during the quarter, compared to analysts’ expectations of $824.86 million. Cracker Barrel Old Country Store had a return on equity of 35.81% and a net margin of 8.17%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $2.23 earnings per share. On average, equities research analysts expect that Cracker Barrel Old Country Store will post 8.86 earnings per share for the current fiscal year.

In related news, VP Laura A. Daily sold 2,740 shares of Cracker Barrel Old Country Store stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total transaction of $398,944.00. Following the transaction, the vice president now directly owns 11,392 shares in the company, valued at $1,658,675.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nicholas V. Flanagan sold 6,000 shares of Cracker Barrel Old Country Store stock in a transaction on Monday, September 24th. The shares were sold at an average price of $145.81, for a total value of $874,860.00. Following the transaction, the vice president now owns 18,784 shares in the company, valued at $2,738,895.04. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on the company. ValuEngine upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. SunTrust Banks lowered their target price on Cracker Barrel Old Country Store to $146.00 and set a “positive” rating on the stock in a research report on Thursday, September 6th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Finally, BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $158.00.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

See Also: Intrinsic Value

Dividend History for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.