Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) had its price target lowered by Nomura from $162.00 to $158.00 in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Nomura’s price target indicates a potential upside of 3.67% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on CBRL. Maxim Group reaffirmed a “hold” rating and set a $170.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $156.00 price target (down from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. BidaskClub raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Instinet began coverage on Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average target price of $163.22.

Cracker Barrel Old Country Store (CBRL) opened at 152.41 on Thursday. The firm’s 50-day moving average price is $150.25 and its 200-day moving average price is $158.86. Cracker Barrel Old Country Store has a 12 month low of $130.15 and a 12 month high of $175.04. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 18.47 and a beta of 0.52.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The business had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. During the same period in the prior year, the firm posted $2.12 EPS. Cracker Barrel Old Country Store’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Cracker Barrel Old Country Store will post $8.81 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in CBRL. Bank of Montreal Can boosted its position in Cracker Barrel Old Country Store by 0.7% in the 1st quarter. Bank of Montreal Can now owns 3,526 shares of the restaurant operator’s stock valued at $562,000 after buying an additional 23 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 14.0% in the 1st quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 132 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Cracker Barrel Old Country Store by 884.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,812 shares of the restaurant operator’s stock valued at $289,000 after buying an additional 1,628 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Cracker Barrel Old Country Store by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,827 shares of the restaurant operator’s stock valued at $2,201,000 after buying an additional 548 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in Cracker Barrel Old Country Store by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 9,800 shares of the restaurant operator’s stock valued at $1,561,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.94% 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). 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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