Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Instinet in a research report issued on Thursday. They presently have a $158.00 price target on the restaurant operator’s stock, down from their previous price target of $162.00. Instinet’s target price points to a potential upside of 5.14% from the stock’s current price.

CBRL has been the subject of a number of other research reports. Bank of America Corporation reduced their price target on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating for the company in a report on Monday. Maxim Group reiterated a “hold” rating and set a $170.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company reiterated a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Finally, BidaskClub cut Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $163.22.

Shares of Cracker Barrel Old Country Store (NASDAQ CBRL) traded down 1.466% during mid-day trading on Thursday, reaching $148.077. The company’s stock had a trading volume of 294,599 shares. Cracker Barrel Old Country Store has a 52-week low of $130.15 and a 52-week high of $175.04. The company has a market capitalization of $3.56 billion, a PE ratio of 17.949 and a beta of 0.52. The firm’s 50 day moving average is $150.83 and its 200-day moving average is $159.06.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The business had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. During the same quarter last year, the company posted $2.12 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that Cracker Barrel Old Country Store will post $8.86 EPS for the current year.

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A number of hedge funds have recently modified their holdings of CBRL. Palo Capital lifted its position in Cracker Barrel Old Country Store by 31.9% during the third quarter. Palo Capital now owns 2,025 shares of the restaurant operator’s stock worth $298,000 after acquiring an additional 490 shares during the last quarter. Eagle Asset Management lifted its position in Cracker Barrel Old Country Store by 100.4% during the third quarter. Eagle Asset Management now owns 700,356 shares of the restaurant operator’s stock worth $103,148,000 after acquiring an additional 350,883 shares during the last quarter. J. W. Burns & Company lifted its position in Cracker Barrel Old Country Store by 20.1% during the fourth quarter. J. W. Burns & Company now owns 8,462 shares of the restaurant operator’s stock worth $1,073,000 after acquiring an additional 1,416 shares during the last quarter. Nisa Investment Advisors lifted its position in Cracker Barrel Old Country Store by 0.9% during the fourth quarter. Nisa Investment Advisors now owns 22,500 shares of the restaurant operator’s stock worth $2,854,000 after acquiring an additional 200 shares during the last quarter. Finally, Benjamin F. Edwards & Company acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $0. 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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