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Cracker Barrel Old Country Stores (CBRL)

Cracker Barrel Old Country Stores (CBRL) operates 608 combination full-service restaurant and gift shops in 42 states. The restaurants, which feature home-style country cooking menus, accounted for 79.6% of fiscal 2013 revenues. The gift shops (20.4% of sales) feature rocking chairs, apparel, toys, cookware, ceramics, and an array of food items. Consensus...

Cracker Barrel Old Country Stores (CBRL) operates 608 combination full-service restaurant and gift shops in 42 states.

The restaurants, which feature home-style country cooking menus, accounted for 79.6% of fiscal 2013 revenues. The gift shops (20.4% of sales) feature rocking chairs, apparel, toys, cookware, ceramics, and an array of food items.

Consensus estimates call for CBRL to earn about $5.77 per share in the fiscal year that ends in July and $6.44 in fiscal 2015, compared with $4.97 in fiscal 2013. Officers and directors own 1.2% of the 23.8 million outstanding shares, which is down from 62 million in 1998. The company pays out $3-per-share annually and has increased its payout for 11 straight years.

Vita Nelson, www.directinvesting.com, 914-925-0022, February 19, 2014

Ms. Nelson began her career as a “market-maker” in municipal bonds at Granger & Company and other brokerage houses in NYC. She was a founder, editor, and publisher of Westchester magazine, the first regional magazine in the Eastern US. A graduate of Boston University, she is currently editor and publisher of Moneypaper’s Guide to Direct Investment Plans, Chairman of the Board of Temper of the Times Investor Services (a DRIP enrollment service), co-manager of the MP 63 Fund (DRIPX), and responsible for the contents of www.directinvesting.com.