Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its price target cut by Maxim Group from $170.00 to $165.00 in a research report sent to investors on Thursday. They currently have a buy rating on the stock.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Several other equities research analysts also recently weighed in on the stock. Telsey Advisory Group reduced their target price on shares of Cracker Barrel Old Country Store from $172.00 to $160.00 and set a market perform rating on the stock in a research note on Tuesday, August 30th. Bank of America Corp. downgraded shares of Cracker Barrel Old Country Store from a neutral rating to an underperform rating and set a $140.00 price target on the stock. in a research note on Monday, July 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $186.00 price target on the stock in a research note on Friday, June 3rd. Finally, SunTrust Banks Inc. raised their price target on shares of Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the stock a neutral rating in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of Hold and an average target price of $158.93.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 140.17 on Thursday. The stock’s 50 day moving average price is $154.33 and its 200-day moving average price is $155.49. Cracker Barrel Old Country Store has a 12 month low of $118.01 and a 12 month high of $172.89. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 17.83 and a beta of 0.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 14th. The company reported $2.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by $0.01. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The firm earned $745.60 million during the quarter, compared to analysts’ expectations of $741.21 million. During the same period in the prior year, the company posted $1.97 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Cracker Barrel Old Country Store will post $8.15 EPS for the current fiscal year.

In related news, VP Laura A. Daily sold 600 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $168.75, for a total value of $101,250.00. Following the completion of the sale, the vice president now directly owns 6,221 shares in the company, valued at approximately $1,049,793.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in Cracker Barrel Old Country Store by 5.5% in the second quarter. BlackRock Fund Advisors now owns 1,112,755 shares of the company’s stock worth $190,804,000 after buying an additional 57,987 shares in the last quarter. State Street Corp raised its position in Cracker Barrel Old Country Store by 0.4% in the second quarter. State Street Corp now owns 718,388 shares of the company’s stock worth $123,188,000 after buying an additional 3,062 shares in the last quarter. Ameriprise Financial Inc. raised its position in Cracker Barrel Old Country Store by 12.7% in the second quarter. Ameriprise Financial Inc. now owns 592,721 shares of the company’s stock worth $102,903,000 after buying an additional 66,896 shares in the last quarter. FMR LLC raised its position in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock worth $62,836,000 after buying an additional 81,955 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Cracker Barrel Old Country Store by 2.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 331,418 shares of the company’s stock worth $56,828,000 after buying an additional 6,439 shares in the last quarter. Institutional investors own 86.96% of the company’s stock.

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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

5 Day Chart for NASDAQ:CBRL

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