Cracker Barrel Old Country Store (CBRL) Given “Hold” Rating at SunTrust Banks

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “hold” rating restated by equities researchers at SunTrust Banks in a research report issued to clients and investors on Wednesday. They currently have a $163.00 target price on the restaurant operator’s stock. SunTrust Banks’ target price would indicate a potential downside of 1.34% from the company’s previous close.

Several other analysts also recently weighed in on the company. Maxim Group reiterated a “hold” rating and issued a $160.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, November 22nd. Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Instinet reissued a “neutral” rating and issued a $158.00 target price (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 14th. Finally, Nomura cut their price target on Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $158.63.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $4.80 during midday trading on Wednesday, reaching $165.22. The company had a trading volume of 266,715 shares, compared to its average volume of 245,050. Cracker Barrel Old Country Store has a 52-week low of $141.75 and a 52-week high of $170.50. The firm has a market cap of $3,910.00, a P/E ratio of 19.93, a P/E/G ratio of 2.75 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.06. The company had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.01 earnings per share. equities analysts predict that Cracker Barrel Old Country Store will post 8.63 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store declared that its board has initiated a stock repurchase program on Friday, September 29th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several large investors have recently bought and sold shares of the company. AXA increased its holdings in shares of Cracker Barrel Old Country Store by 49.3% during the 3rd quarter. AXA now owns 105,700 shares of the restaurant operator’s stock worth $16,026,000 after purchasing an additional 34,900 shares during the period. California Public Employees Retirement System boosted its position in Cracker Barrel Old Country Store by 5.4% in the third quarter. California Public Employees Retirement System now owns 32,662 shares of the restaurant operator’s stock valued at $4,952,000 after buying an additional 1,662 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Cracker Barrel Old Country Store by 25.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,547 shares of the restaurant operator’s stock valued at $538,000 after buying an additional 721 shares in the last quarter. Magnetar Financial LLC lifted its position in shares of Cracker Barrel Old Country Store by 269.2% during the third quarter. Magnetar Financial LLC now owns 4,759 shares of the restaurant operator’s stock worth $722,000 after purchasing an additional 3,470 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of Cracker Barrel Old Country Store by 23.1% during the third quarter. OxFORD Asset Management LLP now owns 43,169 shares of the restaurant operator’s stock worth $6,493,000 after purchasing an additional 8,109 shares in the last quarter. Institutional investors own 88.87% of the company’s stock.

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About Cracker Barrel Old Country Store

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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