cron Error: bad username; while reading /etc/cron.d file on Linux

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I am getting the following error in my cron job log file /var/log/cron.log:
       Aug 22 01:59:01 server2 cron[7510]: Error: bad username; while reading /etc/cron.d/backups
I have job entry as follows to run a job at 00:50 every day for root user:
       50 0 * * * /etc/cron.d/backups
How do I fix this problem on Linux or Unix-like system?