Maxim Group Reiterates $195.00 Price Target for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Maxim Group set a $195.00 price target on Cracker Barrel Old Country Store (NASDAQ:CBRL) in a report published on Sunday, AnalystRatings.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Co reissued an in-line rating and set a $150.00 price target (down previously from $156.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, September 11th. SunTrust Banks cut their target price on shares of Cracker Barrel Old Country Store to $161.00 and set a hold rating for the company in a research report on Wednesday, June 5th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a research report on Thursday, May 23rd. Telsey Advisory Group downgraded shares of Cracker Barrel Old Country Store from an outperform rating to a market perform rating and cut their target price for the stock from $190.00 to $170.00 in a research report on Wednesday, June 5th. Finally, ValuEngine downgraded shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of Hold and an average price target of $171.54.

Shares of CBRL opened at $167.91 on Friday. The company has a market capitalization of $4.04 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59. The company has a quick ratio of 0.57, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $166.57 and a 200 day moving average of $164.98. Cracker Barrel Old Country Store has a twelve month low of $141.63 and a twelve month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.27. The company had revenue of $787.10 million during the quarter, compared to the consensus estimate of $781.90 million. Cracker Barrel Old Country Store had a net margin of 7.10% and a return on equity of 34.36%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.19 earnings per share. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 9 EPS for the current year.

Cracker Barrel Old Country Store announced that its board has approved a share repurchase program on Tuesday, June 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 68,630 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $170.13, for a total value of $11,676,021.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 999,601 shares of company stock valued at $171,537,766. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CBRL. Marshall Wace LLP grew its position in Cracker Barrel Old Country Store by 69.1% in the 1st quarter. Marshall Wace LLP now owns 353,035 shares of the restaurant operator’s stock worth $57,054,000 after purchasing an additional 144,284 shares during the period. Nordea Investment Management AB purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth $18,878,000. Nuveen Asset Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $13,037,000. Man Group plc purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $12,724,000. Finally, APG Asset Management N.V. boosted its stake in shares of Cracker Barrel Old Country Store by 17.4% during the 2nd quarter. APG Asset Management N.V. now owns 391,900 shares of the restaurant operator’s stock worth $58,754,000 after acquiring an additional 58,100 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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