Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)‘s stock had its “hold” rating reiterated by equities researchers at Maxim Group in a report issued on Thursday, MarketBeat reports. They presently have a $155.00 target price on the restaurant operator’s stock, down from their prior target price of $170.00. Maxim Group’s price objective suggests a potential upside of 8.99% from the company’s previous close.

The analysts wrote, “We maintain our Hold rating on Cracker Barrel Old Country Store (CBRL), though lower our price target to $155, from $170 prior, ahead of the release of the company‚Äôs F4Q17 (July) earnings on Wednesday, September 13.””

Several other brokerages have also recently issued reports on CBRL. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research note on Wednesday, July 12th. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price objective for the company. Nomura assumed coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price objective for the company. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $156.00 price objective (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $164.11.

Cracker Barrel Old Country Store (NASDAQ CBRL) traded down 1.51% on Thursday, hitting $142.22. The stock had a trading volume of 456,195 shares. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 17.24 and a beta of 0.52. The company’s 50-day moving average price is $151.86 and its 200 day moving average price is $159.38. Cracker Barrel Old Country Store has a one year low of $130.15 and a one year high of $175.04.

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Institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter worth $232,000. Crawford Investment Counsel Inc. boosted its position in Cracker Barrel Old Country Store by 25.3% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock worth $16,124,000 after purchasing an additional 19,437 shares during the period. Dimensional Fund Advisors LP boosted its position in Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock worth $63,028,000 after purchasing an additional 11,236 shares during the period. Jensen Investment Management Inc. boosted its position in Cracker Barrel Old Country Store by 24.4% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock worth $649,000 after purchasing an additional 760 shares during the period. Finally, California Public Employees Retirement System boosted its position in Cracker Barrel Old Country Store by 3.0% during the 1st quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after purchasing an additional 900 shares during the period. 85.94% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Company Profile

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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