Cracker Barrel Old Country Store (CBRL) Rating Increased to Hold at BidaskClub

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

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, August 17th. SunTrust Banks raised their price target on shares of Cracker Barrel Old Country Store to $134.00 and gave the stock a “hold” rating in a report on Wednesday, September 19th. Telsey Advisory Group reduced their price objective on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, September 19th. Finally, Wells Fargo & Co reduced their price objective on shares of Cracker Barrel Old Country Store from $140.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $158.00.

Cracker Barrel Old Country Store stock opened at $149.90 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.84 and a quick ratio of 0.41. Cracker Barrel Old Country Store has a 52-week low of $141.63 and a 52-week high of $179.12. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.29 and a beta of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.14). Cracker Barrel Old Country Store had a return on equity of 35.81% and a net margin of 8.17%. The firm had revenue of $810.90 million for the quarter, compared to the consensus estimate of $824.86 million. During the same quarter in the previous year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Cracker Barrel Old Country Store will post 8.86 earnings per share for the current year.

In other news, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Cracker Barrel Old Country Store by 1.2% during the 2nd quarter. Northern Trust Corp now owns 376,578 shares of the restaurant operator’s stock worth $58,825,000 after acquiring an additional 4,560 shares during the last quarter. Truvestments Capital LLC purchased a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $273,000. WINTON GROUP Ltd purchased a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $396,000. South Street Advisors LLC boosted its holdings in Cracker Barrel Old Country Store by 11.4% during the 2nd quarter. South Street Advisors LLC now owns 14,710 shares of the restaurant operator’s stock worth $2,297,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 1,039.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 692,385 shares of the restaurant operator’s stock worth $7,630,000 after acquiring an additional 631,635 shares during the last quarter. 87.45% of the stock is owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

Read More: Treasury Bonds

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply