Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) saw unusually-strong trading volume on Wednesday . Approximately 733,889 shares were traded during trading, an increase of 53% from the previous session’s volume of 480,011 shares.The stock last traded at $138.14 and had previously closed at $139.01.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Friday, June 3rd. Maxim Group reduced their price objective on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 15th. Telsey Advisory Group reduced their price objective on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a research note on Thursday, September 15th. Finally, Bank of America Corp. downgraded Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price objective for the company. in a research note on Monday, July 11th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $158.93.

The stock has a market cap of $3.34 billion, a PE ratio of 17.75 and a beta of 0.38. The company’s 50-day moving average price is $153.29 and its 200 day moving average price is $155.30.

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Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, September 14th. The company reported $2.12 EPS for the quarter, missing the Zacks’ consensus estimate of $2.13 by $0.01. The firm earned $745.60 million during the quarter, compared to analysts’ expectations of $741.21 million. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. Equities analysts forecast that Cracker Barrel Old Country Store Inc. will post $8.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. Bellwether Investment Group LLC bought a new position in shares of Cracker Barrel Old Country Store during the second quarter worth about $107,000. Americafirst Capital Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the second quarter worth about $128,000. Public Employees Retirement System of Ohio boosted its position in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares during the last quarter. Seven Eight Capital LLC boosted its position in shares of Cracker Barrel Old Country Store by 2,052.2% in the second quarter. Seven Eight Capital LLC now owns 990 shares of the company’s stock worth $170,000 after buying an additional 944 shares during the last quarter. Finally, World Asset Management Inc bought a new position in shares of Cracker Barrel Old Country Store during the second quarter worth about $200,000. Institutional investors and hedge funds own 86.96% of the company’s stock.

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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

5 Day Chart for NASDAQ:CBRL

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