Bank of America Corp. reiterated their sell rating on shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) in a research report sent to investors on Thursday morning. They currently have a $140.00 target price on the stock.

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

A number of other analysts have also recently weighed in on the stock. Maxim Group lowered their price target on shares of Cracker Barrel Old Country Store from $170.00 to $165.00 and set a buy rating on the stock in a report on Thursday, September 15th. 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 target on the stock in a report on Friday, June 3rd. Telsey Advisory Group lowered their price target 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 report on Thursday, September 15th. 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 company a neutral rating in a report on Thursday, June 2nd. Two 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 a consensus rating of Hold and a consensus price target of $158.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 140.17 on Thursday. The firm has a 50-day moving average price of $154.33 and a 200-day moving average price of $155.49. Cracker Barrel Old Country Store has a 52 week low of $118.01 and a 52 week high of $172.89. The stock has a market cap of $3.36 billion, a P/E ratio of 17.83 and a beta of 0.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by $0.01. Cracker Barrel Old Country Store had a return on equity of 33.11% and a net margin of 6.50%. The business had revenue of $745.60 million for the quarter, compared to the consensus estimate of $741.21 million. During the same quarter in the previous year, the company earned $1.97 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Cracker Barrel Old Country Store will post $8.15 EPS for the current 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. Norges Bank acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $23,860,000. Apex Capital Management acquired a new position in Cracker Barrel Old Country Store during the first quarter worth about $15,916,000. Fiera Capital Corp acquired a new position in Cracker Barrel Old Country Store during the second quarter worth about $17,311,000. 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, 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. Institutional investors 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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