Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) had its price objective decreased by stock analysts at Bank of America Corporation from $150.00 to $140.00 in a research note issued to investors on Monday. The brokerage presently has an “underperform” rating on the restaurant operator’s stock. Bank of America Corporation’s target price would indicate a potential downside of 3.26% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Monday. Maxim Group reiterated a “hold” rating and issued a $155.00 target price (down from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 target price for the company. Finally, Nomura assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 target price for the company. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $164.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up 0.43% during mid-day trading on Monday, reaching $145.34. 175,133 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.49 billion, a P/E ratio of 17.62 and a beta of 0.52. The company’s 50-day moving average is $151.28 and its 200 day moving average is $159.26. 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 and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at about $100,000. Bruderman Asset Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cracker Barrel Old Country Store by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 61 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at about $127,000. Finally, Neuburgh Advisers LLC increased its holdings in shares of Cracker Barrel Old Country Store by 14.0% during the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

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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