Cracker Barrel Old Country Store (CBRL) Price Target Cut to $155.00 by Analysts at Bank of America

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target decreased by investment analysts at Bank of America from $160.00 to $155.00 in a report issued on Wednesday. The firm presently has an “underperform” rating on the restaurant operator’s stock. Bank of America’s price objective would indicate a potential downside of 4.25% from the company’s previous close.

CBRL has been the topic of several other research reports. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and issued a $163.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, January 3rd. Longbow Research cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Finally, Maxim Group restated a “hold” rating and issued a $160.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $163.13.

Cracker Barrel Old Country Store (NASDAQ CBRL) traded down $11.86 during mid-day trading on Wednesday, reaching $161.88. The company’s stock had a trading volume of 1,658,200 shares, compared to its average volume of 383,489. The company has a quick ratio of 0.42, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The company has a market cap of $3,930.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56. Cracker Barrel Old Country Store has a 1 year low of $141.75 and a 1 year high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.31. The firm had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $787.26 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.19 EPS. equities research analysts expect that Cracker Barrel Old Country Store will post 9.55 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $266,000. HighPoint Advisor Group LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $211,000. MetLife Investment Advisors LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $3,756,000. Vident Investment Advisory LLC boosted its stake in Cracker Barrel Old Country Store by 82.4% in the fourth quarter. Vident Investment Advisory LLC now owns 4,852 shares of the restaurant operator’s stock valued at $771,000 after buying an additional 2,192 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Cracker Barrel Old Country Store by 7.9% in the fourth quarter. LPL Financial LLC now owns 14,851 shares of the restaurant operator’s stock valued at $2,360,000 after buying an additional 1,087 shares in the last quarter. Institutional investors own 88.26% of the company’s stock.

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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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