Breaking Down This Restaurant Stock's Latest Performance

CBRL will pay its dividend to shareholders of record by July 15

facebook X logo linkedin


Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is an American chain of restaurant and gift stores. The restaurant chain and its affiliates operate more than 660 company-owned Cracker Barrel Old Country Store locations in 45 states and own the fast-casual Maple Street Biscuit Company. At last glance, CBRL is trading down 1.*% at $86.58.

In Cracker Barrel’s latest earnings report last month, they announced the authorization of a new share repurchase program of up to $200 million of CBRL's outstanding common stock. Cracker Barrel also declared a quarterly dividend of $1.30 per share on the company's common stock, placing their forward dividend at $5.20 and their dividend yield at an incredibly high 6.13%. The quarterly dividend will be paid on August 5 to shareholders of record as of July 15.

Cracker Barrel stock has decreased about 39% year-over-year and CBRL is currently trading down 41% since reaching a more than 52-week high of $150.64. Additionally, shares of CBRL have dropped in price 33% year-to-date and are down 14% just over the past month.

CBRL now provides a low valuation at a forward price-earnings ratio of 11.86 and a price-sales ratio of 0.62, making Cracker Barrel stock an intriguing option from both a value and dividend investors’ perspective.

This restaurant chain still comes with a high level of risk. Cracker Barrel currently owe $1.1 billion in total debt, which is just over half the company’s market cap of $2.01 billion. CBRL also holds just $24.77 million in cash on their balance sheet, indicating that their high dividend yield may be unsustainable. Still, Cracker Barrel stock offers an attractive opportunity from a risk-reward point of view.

Short interest has been on the rise, up 26.3% during the past two reporting periods. This accounts for 16.8% of the stock's total available float, or just over eight days worth of pent-up buying power.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI