Bank of America Corp. restated their sell rating on shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) in a report issued on Thursday. Bank of America Corp. currently has a $140.00 price target on the stock.

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

A number of other brokerages have also recently weighed in on CBRL. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $186.00 price objective on the stock in a research note on Friday, June 3rd. Maxim Group cut their price objective on shares of Cracker Barrel Old Country Store from $170.00 to $165.00 and set a buy rating on the stock in a research note on Thursday, September 15th. Telsey Advisory Group cut their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $150.00 and set a market perform rating on the stock in a research note on Thursday, September 15th. Finally, SunTrust Banks Inc. lifted their price objective on shares of Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the company a neutral rating in a research note on Thursday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company 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 139.01 on Thursday. The firm’s 50 day moving average is $153.76 and its 200 day moving average is $155.41. The firm has a market capitalization of $3.33 billion, a PE ratio of 17.69 and a beta of 0.38. Cracker Barrel Old Country Store has a 1-year low of $118.01 and a 1-year high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by $0.01. The company earned $745.60 million during the quarter, compared to the consensus estimate of $741.21 million. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 earnings per share. Analysts anticipate that Cracker Barrel Old Country Store will post $8.14 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CBRL. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Cracker Barrel Old Country Store by 2.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,950 shares of the company’s stock valued at $1,519,000 after buying an additional 250 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Cracker Barrel Old Country Store by 48.4% in the first quarter. CIBC World Markets Inc. now owns 19,078 shares of the company’s stock valued at $2,913,000 after buying an additional 6,222 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Cracker Barrel Old Country Store by 53.6% in the first quarter. IFP Advisors Inc now owns 3,010 shares of the company’s stock valued at $460,000 after buying an additional 1,051 shares in the last quarter. Aperio Group LLC raised its stake in shares of Cracker Barrel Old Country Store by 261.0% in the first quarter. Aperio Group LLC now owns 9,985 shares of the company’s stock valued at $1,524,000 after buying an additional 7,219 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of Cracker Barrel Old Country Store by 20.0% in the first quarter. Commonwealth Equity Services Inc now owns 8,031 shares of the company’s stock valued at $1,226,000 after buying an additional 1,341 shares in the last quarter. Institutional investors and hedge funds own 86.96% 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). 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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