NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Cracker Barrel ( CBRL), American Water Works ( AWK), PerkinElmer ( PKI) and Smith & Nephew ( SNN). Each of the stocks received a buy rating from TheStreet Ratings.
Cracker Barrel The restaurant chain and retailer is scheduled to report third-quarter results on May 22. Analysts, on average, anticipate earnings of 74 cents a share on revenue of $607.49 million. "We continue to rate CBRL shares Underperform but are raising our price objective from $40 to $48 to reflect higher estimates as well as increased interest in the stock as activist Sardar Biglari has raised his stake to 15% despite losing a bid for a board seat in December," Bank of America Merrill Lynch analysts wrote in a Feb. 21 report. Forward Annual Dividend Yield: 1.8% Rated "A (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin was about the same as it was the previous year. Cracker Barrel has very weak liquidity. Its Quick Ratio is 0.46, which demonstrates a lack of ability to meet its short-term cash needs. In the second quarter, stockholders' net worth increased 23.28% from the prior year. TheStreet Ratings' price target is $64.90. The stock closed Monday at $55.91 and has risen 10.28% year to date.