Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) had its target price dropped by research analysts at Nomura from $162.00 to $158.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the restaurant operator’s stock. Nomura’s target price indicates a potential upside of 5.14% from the stock’s current price.

Several other research firms have also recently weighed in on CBRL. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a report on Wednesday, July 12th. Wells Fargo & Company restated a “market perform” rating and set a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Finally, Maxim Group restated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $163.67.

Cracker Barrel Old Country Store (CBRL) traded down 0.96% on Thursday, hitting $148.83. 149,157 shares of the stock were exchanged. The stock has a market capitalization of $3.58 billion, a P/E ratio of 18.04 and a beta of 0.52. The company has a 50 day moving average of $150.83 and a 200 day moving average of $159.06. Cracker Barrel Old Country Store has a one year low of $130.15 and a one year high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.05. The company had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share. On average, equities research analysts forecast that Cracker Barrel Old Country Store will post $8.86 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after acquiring an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cracker Barrel Old Country Store by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,242,652 shares of the restaurant operator’s stock valued at $375,084,000 after acquiring an additional 26,046 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Cracker Barrel Old Country Store by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock valued at $152,421,000 after acquiring an additional 37,551 shares during the last quarter. State Street Corp lifted its stake in Cracker Barrel Old Country Store by 2.9% in the second quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock valued at $123,663,000 after acquiring an additional 20,932 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Cracker Barrel Old Country Store by 3.8% in the second quarter. Wells Fargo & Company MN now owns 697,577 shares of the restaurant operator’s stock valued at $116,671,000 after acquiring an additional 25,517 shares during 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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