Cracker Barrel Old Country Store (CBRL) Rating Reiterated by Wells Fargo & Co

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “market perform” rating reaffirmed by stock analysts at Wells Fargo & Co in a report issued on Tuesday, Marketbeat reports. They presently have a $152.00 price objective on the restaurant operator’s stock, up from their previous price objective of $140.00. Wells Fargo & Co’s price target points to a potential downside of 10.69% from the company’s previous close.

Several other analysts also recently issued reports on CBRL. SunTrust Banks set a $165.00 price objective on shares of Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Tuesday, February 6th. Maxim Group reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. 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. Longbow Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Cracker Barrel Old Country Store has an average rating of “Hold” and an average target price of $162.88.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $2.51 during trading hours on Tuesday, reaching $170.19. 326,400 shares of the company’s stock traded hands, compared to its average volume of 315,740. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.42. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $179.12. The firm has a market capitalization of $4,023.45, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. During the same quarter last year, the company earned $2.01 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts anticipate that Cracker Barrel Old Country Store will post 9.55 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Cracker Barrel Old Country Store by 8.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,117 shares of the restaurant operator’s stock worth $187,000 after buying an additional 88 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Cracker Barrel Old Country Store by 0.6% during the second quarter. California Public Employees Retirement System now owns 31,000 shares of the restaurant operator’s stock worth $5,185,000 after buying an additional 200 shares in the last quarter. BB&T Corp grew its position in shares of Cracker Barrel Old Country Store by 2.6% during the fourth quarter. BB&T Corp now owns 11,586 shares of the restaurant operator’s stock worth $1,840,000 after buying an additional 294 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Cracker Barrel Old Country Store by 9.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,874 shares of the restaurant operator’s stock worth $616,000 after buying an additional 327 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Cracker Barrel Old Country Store by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,635 shares of the restaurant operator’s stock worth $551,000 after buying an additional 375 shares in the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.

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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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