Several brokerages have updated their recommendations and price targets on shares of Cracker Barrel Old Country Store (NASDAQ: CBRL) in the last few weeks:

  • 9/18/2017 – Cracker Barrel Old Country Store was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cracker Barrel posted mixed fourth-quarter fiscal 2017 results wherein the bottom line beat the Zacks Consensus Estimate while the top line lagged the same. Notably, this quarter marked the 25th successive earnings beat for the company. However, it has reported lower-than-expected revenues in nine of the last 10 quarters. Cracker Barrel shares have also underperformed the industry year to date. Nevertheless, the company expects its enhanced focus on convenience, value and menu innovation to aid in fighting persistent challenges faced by the restaurant and retail industry. Expansion of units, extensive marketing efforts, seasonal promotions, enhanced focus on retail business along with cost-saving initiatives should further drive growth. Yet, high costs along with limited geographic diversity remain potent headwinds.”
  • 9/14/2017 – Cracker Barrel Old Country Store had its price target lowered by analysts at Nomura from $162.00 to $158.00. They now have a “neutral” rating on the stock.
  • 9/14/2017 – Cracker Barrel Old Country Store had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $158.00 price target on the stock, down previously from $162.00.
  • 9/11/2017 – Cracker Barrel Old Country Store was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cracker Barrel shares have underperformed the industry year to date. It reported lower-than-expected revenues in eight of the trailing nine quarters. Moreover, comps at both restaurants and retail stores have been under pressure due to the challenging sales environment. Consequently, the company also lowered its comps outlook for the full-year fiscal 2017. Nevertheless, going forward, enhanced marketing efforts, differentiated menu offerings, seasonal promotions and the launch of its new fast casual concept, Holler & Dash Biscuit House, could aid in driving sales. Modest expansion efforts and cost-saving initiatives also bode well. Estimates have been stable lately ahead of its fiscal fourth quarter earnings release and the company has positive record of earnings surprises in recent quarters. Still, higher costs are expected to weigh on margins. The company’s limited geographic diversity also remains a cause of concern.”
  • 9/11/2017 – Cracker Barrel Old Country Store had its price target lowered by analysts at Bank of America Corporation from $150.00 to $140.00. They now have an “underperform” rating on the stock.
  • 9/7/2017 – Cracker Barrel Old Country Store had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $155.00 price target on the stock, down previously from $170.00. They wrote, “We maintain our Hold rating on Cracker Barrel Old Country Store (CBRL), though lower our price target to $155, from $170 prior, ahead of the release of the company‚Äôs F4Q17 (July) earnings on Wednesday, September 13.””
  • 8/10/2017 – Cracker Barrel Old Country Store was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) traded up 1.03% during midday trading on Monday, reaching $153.18. The company had a trading volume of 160,753 shares. Cracker Barrel Old Country Store, Inc. has a 52-week low of $130.15 and a 52-week high of $175.04. The stock has a market capitalization of $3.68 billion, a PE ratio of 18.30 and a beta of 0.51. The company’s 50 day moving average price is $149.76 and its 200 day moving average price is $158.57.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. The company had revenue of $743.20 million for the quarter, compared to analyst estimates of $746.72 million. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. Cracker Barrel Old Country Store’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $2.12 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post $8.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 13th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $4.80 annualized dividend and a dividend yield of 3.17%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.28%.

In other Cracker Barrel Old Country Store news, Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $153.39, for a total transaction of $306,780.00. Following the sale, the director now directly owns 11,758 shares in the company, valued at $1,803,559.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $151.67, for a total value of $5,580,545.98. Following the sale, the chief executive officer now owns 157,591 shares in the company, valued at $23,901,826.97. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.

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