09-14-2018, 03:20 PM
(09-14-2018, 12:05 PM)fenders53 Wrote: Anyone own this restaurant stock? Dividend over 3% looks good and somewhat stable financials. Stock price volatile enough that some patience looks prudent. They report earnings early next week and some are not confident. Perhaps a dip is coming soon? Already down some today because they have many stores in hurricane path. That's a one quarter problem as they obviously have insurance.
I'll likely add a second restaurant eventually but not liking the price and PE for MCD and YUM right now. Other recommendations will be researched if you have suggestions.
I've owned CBRL since 2013 and am quite happy with it. Seems to have conservative management and hasn't had a year of negative EPS growth since 2007. Keep in mind it pays a special dividend every year on top of the regular dividend, so the yield is actually higher than what it shows if you are holding it for the long term.
Darden Restaurants (DRI) and Starbucks (SBUX) are two others to consider.