LEBANON, Tenn. - Cracker Barrel (NASDAQ:CBRL) Old Country Store, Inc. (NASDAQ: CBRL) has announced the appointment of Cheryl Henry to its Board of Directors, effective today. Henry, who has extensive leadership experience in the restaurant industry, steps into the role as William Moreton exits for personal reasons.
Henry, age 50, is recognized for her former leadership as President, CEO, and Chairwoman of Ruth's Hospitality (NASDAQ:RUTH) Group, Inc., known for its Ruth's Chris Steak House brand. Her tenure at Ruth's Chris saw her in various senior leadership roles, culminating in her appointment as CEO in 2018. Before her time at Ruth's Chris, Henry served as Chief of Staff for the Mayor of Orlando.
Cracker Barrel's Chairman Carl Berquist expressed confidence in Henry's ability to contribute to the company's strategic direction, citing her track record in revitalizing Ruth's Chris. Berquist also acknowledged Moreton's contributions and noted that he would remain an advisor to the Board and management through the end of the year.
Cracker Barrel, established in 1969 and headquartered in Lebanon, Tennessee, operates approximately 660 company-owned locations across 44 states and owns the fast-casual Maple Street Biscuit Company. The company is known for its combination of homestyle food and unique retail offerings.
The information regarding the board changes is based on a press release statement from Cracker Barrel Old Country Store, Inc.
InvestingPro Insights
As Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) welcomes Cheryl Henry to its Board of Directors, the company's financial health and stock performance are of keen interest to investors. According to InvestingPro data, Cracker Barrel currently holds a market capitalization of 1010 million USD, with a P/E ratio of 12.15, reflecting investor sentiment about the company's earnings potential.
Despite recent challenges, Cracker Barrel has demonstrated a commitment to shareholder returns, which is evidenced by its impressive track record of maintaining dividend payments for 43 consecutive years. This dedication to consistent dividends is a testament to the company's financial discipline and resilience, even in the face of market fluctuations. Additionally, the company's stock is trading near its 52-week low, which, as per an InvestingPro Tip, could indicate that the stock is in oversold territory, presenting a potential opportunity for investors.
InvestingPro data also reveals a revenue growth of 1.02% over the last twelve months as of Q2 2024, suggesting a stable financial performance. However, it's important to note that eight analysts have revised their earnings downwards for the upcoming period, which could signal caution for near-term expectations. Investors looking for deeper insights can find a total of 12 InvestingPro Tips on https://www.investing.com/pro/CBRL, providing a comprehensive analysis to aid in informed decision-making. To access these valuable tips, use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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