Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Maxim Group restated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. Nomura initiated coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. Instinet initiated coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, Wells Fargo & Company restated a “market perform” rating and set a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $165.78.

Cracker Barrel Old Country Store (CBRL) traded up 0.2169% during trading on Thursday, reaching $151.8286. 8,982 shares of the company’s stock traded hands. Cracker Barrel Old Country Store has a 12 month low of $130.15 and a 12 month high of $175.04. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 18.4035 and a beta of 0.51. The firm’s 50 day moving average is $160.02 and its 200-day moving average is $161.06.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $713.06 million. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Cracker Barrel Old Country Store will post $8.33 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cracker Barrel Old Country Store by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock worth $123,000 after buying an additional 61 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock worth $125,000 after buying an additional 96 shares during the period. Quantbot Technologies LP bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $127,000. Public Employees Retirement System of Ohio boosted its stake in shares of Cracker Barrel Old Country Store by 4.7% in the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock worth $164,000 after buying an additional 46 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock worth $172,000 after buying an additional 132 shares during the period. 88.85% of the stock is owned by institutional investors.

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). 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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