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

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 increased its dividend 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. 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. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $82.98. The company has a market cap of $1.27 billion, a PE ratio of 31.57, a P/E/G ratio of 2.15 and a beta of 1.45. The stock has a 50 day simple moving average of $52.34 and a 200-day simple moving average of $46.14. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBRL shares. Truist Financial boosted their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Loop Capital upped their price objective on shares of 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. Piper Sandler raised their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Argus upgraded shares of 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 report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently 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.