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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, January 17th.

Cracker Barrel Old Country Store has raised its dividend payment by an average of 10.5% annually over the last three years. Cracker Barrel Old Country Store has a dividend payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cracker Barrel Old Country Store to earn $3.23 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 31.0%.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL opened at $57.14 on Wednesday. The business has a fifty day moving average of $52.34 and a 200-day moving average of $46.14. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $82.98. The firm has a market cap of $1.27 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45.

Analyst Ratings Changes

CBRL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Loop Capital upped their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. UBS Group upped their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, November 18th. Finally, Bank of America boosted their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $57.25.

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 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.