Cracker Barrel Old Country Store (CBRL) Stock Rating Lowered by BidaskClub

Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

CBRL has been the topic of a number of other reports. SunTrust Banks restated a “hold” rating and issued a $136.00 price target on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Maxim Group restated a “hold” rating and issued a $160.00 price target (up from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Wednesday, January 10th. Finally, Longbow Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $161.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $6.34 during trading hours on Friday, hitting $173.85. 509,230 shares of the stock were exchanged, compared to its average volume of 263,041. Cracker Barrel Old Country Store has a twelve month low of $141.75 and a twelve month high of $176.01. The company has a market cap of $4,170.00, a PE ratio of 20.97, a P/E/G ratio of 2.06 and a beta of 0.46. The company has a quick ratio of 0.42, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The business had revenue of $710.40 million for the quarter, compared to analysts’ expectations of $718.85 million. During the same period last year, the business earned $2.01 EPS. The company’s revenue was up .1% compared to the same quarter last year. equities analysts expect that Cracker Barrel Old Country Store will post 9.48 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store declared that its Board of Directors has approved a stock buyback plan on Friday, September 29th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. APG Asset Management N.V. purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $25,775,000. Cornerstone Capital Management Holdings LLC. raised its position in Cracker Barrel Old Country Store by 920.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 53,801 shares of the restaurant operator’s stock worth $8,996,000 after buying an additional 48,531 shares during the last quarter. Wells Fargo & Company MN raised its position in Cracker Barrel Old Country Store by 5.5% during the 3rd quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock worth $111,607,000 after buying an additional 38,517 shares during the last quarter. AXA raised its position in 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 buying an additional 34,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Cracker Barrel Old Country Store by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock worth $62,997,000 after buying an additional 31,884 shares during the last quarter. 88.87% of the stock is owned by institutional investors.

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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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