Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) from a hold rating to a sell rating in a report issued on Thursday morning.

According to Zacks, “Cracker Barrel Old Country Store, Inc., formerly CBRL Group, Inc., is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept. The format of Cracker Barrel stores consists of a rustic, old country-store design with a separate retail area offering a variety of decorative and functional items featuring rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods, including various old fashioned candies and jellies. “

A number of other research analysts also recently issued reports on the company. Bank of America Corp. reiterated a sell rating and set a $140.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Maxim Group cut their price objective on Cracker Barrel Old Country Store from $170.00 to $165.00 and set a buy rating for the company in a research note on Thursday, September 15th. Telsey Advisory Group cut their price objective on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a market perform rating for the company in a research note on Thursday, September 15th. Finally, SunTrust Banks Inc. boosted their price objective on 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 equities research 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’s stock. The company currently has an average rating of Hold and an average price target of $158.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 139.01 on Thursday. Cracker Barrel Old Country Store has a 1-year low of $118.01 and a 1-year high of $172.89. The stock has a market capitalization of $3.33 billion, a P/E ratio of 17.69 and a beta of 0.38. The firm’s 50 day moving average is $153.76 and its 200 day moving average is $155.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.13 by $0.01. The company had revenue of $745.60 million for 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 company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. On average, equities research analysts anticipate that Cracker Barrel Old Country Store will post $8.14 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. increased its position in 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 during the last quarter. CIBC World Markets Inc. boosted 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 during the period. IFP Advisors Inc boosted 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 during the period. Aperio Group LLC boosted 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 during the period. Finally, Commonwealth Equity Services Inc boosted 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 during the period. Institutional investors and hedge funds own 86.96% of the company’s stock.

About Cracker Barrel Old Country Store

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.

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