Fri Sep 20 13:07:33 UTC 2024: ## Cracker Barrel Declares Quarterly Dividend, Stock Trading at $41.11

**Nashville, TN – September 20, 2024** – Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has announced a quarterly dividend of $0.25 per share, payable on November 13th to shareholders of record as of October 18th. This represents an annualized dividend of $1.00 and a yield of 2.43%.

The company’s dividend has grown by an average of 26% annually over the past three years, and analysts expect Cracker Barrel to continue covering its dividend with an anticipated payout ratio of 31.3% next year.

Cracker Barrel shares opened at $41.11 on Friday, with a market capitalization of $912.72 million. The company has a P/E ratio of 15.17, a P/E/G ratio of 0.94, and a beta of 1.42.

**Analyst Sentiment Mixed**

Recent analyst reports on CBRL shares have been mixed. StockNews.com downgraded the stock to a “Sell” rating, while Citigroup lowered its price target to $42.00 and maintained a “Sell” rating. Conversely, Benchmark upgraded the stock to a “Hold” rating.

Overall, three analysts have rated the stock as a “Sell,” while seven have assigned a “Hold” rating. MarketBeat reports an average “Hold” rating and a consensus target price of $54.57.

**About Cracker Barrel Old Country Store**

Cracker Barrel Old Country Store, Inc. operates a chain of restaurants with attached gift shops throughout the United States. The company offers breakfast, lunch, and dinner daily, including dine-in, pick-up, and delivery services.

**Disclaimer:** This news article is intended for informational purposes only and should not be considered investment advice. Always consult with a qualified financial professional before making any investment decisions.

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