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 objective decreased by Bank of America from $160.00 to $155.00 in a research report sent to investors on Wednesday morning. Bank of America currently has an underperform rating on the restaurant operator’s stock.

Several other equities research analysts also recently weighed in on CBRL. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating and set a $173.00 target price for the company in a research report on Wednesday, November 8th. Longbow Research downgraded shares of Cracker Barrel Old Country Store from a buy rating to a neutral rating in a research report on Wednesday, November 22nd. Maxim Group reissued a hold rating and issued a $160.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. SunTrust Banks reissued a hold rating and issued a $163.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, January 3rd. Finally, BidaskClub raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Cracker Barrel Old Country Store has a consensus rating of Hold and an average target price of $163.13.

Cracker Barrel Old Country Store (NASDAQ CBRL) opened at $158.53 on Wednesday. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $179.12. 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 $3,885.71, a price-to-earnings ratio of 16.03, a PEG ratio of 1.92 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.31. Cracker Barrel Old Country Store had a net margin of 8.10% and a return on equity of 37.69%. The firm had revenue of $787.70 million for the quarter, compared to the consensus estimate of $787.26 million. During the same quarter in the previous year, the firm posted $2.19 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts forecast that Cracker Barrel Old Country Store will post 9.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,327,076 shares of the restaurant operator’s stock valued at $369,748,000 after buying an additional 39,966 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Cracker Barrel Old Country Store by 5.5% in the 3rd quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock valued at $111,607,000 after buying an additional 38,517 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 6.2% in the 4th quarter. Bank of New York Mellon Corp now owns 417,814 shares of the restaurant operator’s stock valued at $66,387,000 after buying an additional 24,476 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Cracker Barrel Old Country Store by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock valued at $62,997,000 after buying an additional 31,884 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in shares of Cracker Barrel Old Country Store by 80.8% in the 4th quarter. APG Asset Management N.V. now owns 307,400 shares of the restaurant operator’s stock valued at $40,675,000 after buying an additional 137,400 shares during the period. 88.26% of the stock is owned by institutional investors and hedge funds.

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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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