Cracker Barrel Is Pursing A Necessary But Challenging Transformation
CBRLCracker Barrel(CBRL) Seeking Alpha·2024-06-07 16:34
jetcityimage Cracker Barrel Old Country Store (NASDAQ:CBRL) has no choice. It has to change. The stock had long been cherished as an equity-income play. (Many old headlines visible in the Seeking Alpha CBRL Analysis archive confirm this.) And its yield recently topped 9%. But that angle is now gone. CBRL stock, anticipating a dividend cut, fell 36% from the start of this year until May 15th. That’s just before management announced that the company would, indeed, slash the quarterly payout from $1.30 to  ...