Cracker Barrel Old Country Store, Inc. (CBRL) to Issue Quarterly Dividend of $0.25 on February 11th

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Friday, January 16th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, February 11th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, January 16th.

Cracker Barrel Old Country Store has decreased its dividend payment by an average of 0.2%per year 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. 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 Trading Up 3.5%

Shares of NASDAQ CBRL opened at $27.95 on Thursday. The stock has a market capitalization of $622.45 million, a PE ratio of 37.27 and a beta of 1.24. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $33.28 and a 200-day simple moving average of $49.27. Cracker Barrel Old Country Store has a twelve month low of $25.25 and a twelve month high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.55%. The business had revenue of $797.19 million for the quarter, compared to analysts’ expectations of $806.71 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was down 5.7% 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 year.

About Cracker Barrel Old Country Store

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.