Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – SunTrust Banks reduced their FY2017 earnings per share estimates for Cracker Barrel Old Country Store in a research note issued on Monday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $8.30 for the year, down from their prior forecast of $8.31. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s FY2018 earnings at $8.75 EPS.

A number of other research firms also recently commented on CBRL. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a research report on Wednesday, July 12th. Instinet assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 target price on the stock. Nomura assumed coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 target price on the stock. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $164.11.

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Cracker Barrel Old Country Store (CBRL) opened at 150.28 on Thursday. Cracker Barrel Old Country Store has a 12 month low of $130.15 and a 12 month high of $175.04. The company has a market cap of $3.61 billion, a P/E ratio of 18.22 and a beta of 0.52. The firm has a 50-day moving average price of $150.83 and a 200 day moving average price of $159.06.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.05. The company had revenue of $743.20 million for the quarter, compared to the consensus estimate of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. Cracker Barrel Old Country Store’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRL. Acrospire Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $100,000. Bruderman Asset Management LLC acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cracker Barrel Old Country Store by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock worth $123,000 after purchasing an additional 61 shares in the last quarter. Neuburgh Advisers LLC grew its stake in Cracker Barrel Old Country Store by 14.0% during the 1st quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 96 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth $127,000. 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.

Earnings History and Estimates for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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