Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL)‘s stock had its “market perform” rating reiterated by Wells Fargo & Co. in a report issued on Friday. They presently have a $132.50 price target on the stock, down from their previous price target of $164.00. Wells Fargo & Co.’s price objective would indicate a potential downside of 5.47% from the stock’s current price.

A number of other research firms also recently weighed in on CBRL. Zacks Investment Research upgraded 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 report on Friday, June 3rd. Maxim Group lowered their price target on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 15th. Telsey Advisory Group lowered their price target on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating on the stock in a research report on Thursday, September 15th. Finally, Bank of America Corp. cut Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price objective on the stock. in a research note on Monday, July 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned 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.

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

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 140.17 on Friday. The company’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 company has a market capitalization 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 released its quarterly earnings results on Wednesday, September 14th. The company reported $2.12 earnings per share for the quarter, missing the Zacks’ 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 had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $741.21 million. During the same quarter in the previous year, the business earned $1.97 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts forecast that Cracker Barrel Old Country Store will post $8.15 earnings per share for the current fiscal year.

In related news, VP Laura A. Daily sold 600 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $168.75, for a total value of $101,250.00. Following the sale, the vice president now directly owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new stake in Cracker Barrel Old Country Store during the second quarter valued at about $1,872,000. Public Employees Retirement System of Ohio boosted its stake in Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock valued at $164,000 after buying an additional 55 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in Cracker Barrel Old Country Store by 5.3% in the second quarter. Calvert Investment Management Inc. now owns 1,476 shares of the company’s stock valued at $253,000 after buying an additional 74 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Cracker Barrel Old Country Store by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,071 shares of the company’s stock valued at $22,304,000 after buying an additional 5,989 shares during the last quarter. Finally, Bellwether Investment Group LLC acquired a new stake in Cracker Barrel Old Country Store during the second quarter valued at about $107,000. 86.96% of the stock is currently owned by institutional investors.

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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