Cracker Barrel Old Country Store (CBRL) Given a $165.00 Price Target at SunTrust Banks

Cracker Barrel Old Country Store (NASDAQ:CBRL) has been given a $165.00 target price by stock analysts at SunTrust Banks in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. SunTrust Banks’ price objective suggests a potential upside of 0.46% from the company’s current price.

A number of other research firms have also weighed in on CBRL. Maxim Group restated a “hold” rating and set a $160.00 target price (up previously from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, November 17th. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $161.63.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down $1.25 during trading on Tuesday, reaching $164.25. The company’s stock had a trading volume of 28,031 shares, compared to its average volume of 302,577. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. The stock has a market capitalization of $4,083.19, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.01 and a beta of 0.56. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The company had revenue of $710.40 million during the quarter, compared to analyst estimates of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. Cracker Barrel Old Country Store’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 earnings per share. research analysts anticipate that Cracker Barrel Old Country Store will post 9.48 earnings per share for the current year.

Several hedge funds have recently modified their holdings of CBRL. Teachers Advisors LLC increased its position in shares of Cracker Barrel Old Country Store by 3.4% during the second quarter. Teachers Advisors LLC now owns 34,375 shares of the restaurant operator’s stock worth $5,749,000 after purchasing an additional 1,128 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 13.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,186 shares of the restaurant operator’s stock worth $700,000 after purchasing an additional 507 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Cracker Barrel Old Country Store by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 4,860 shares of the restaurant operator’s stock worth $813,000 after purchasing an additional 320 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Cracker Barrel Old Country Store by 1.9% during the second quarter. New York State Common Retirement Fund now owns 21,000 shares of the restaurant operator’s stock worth $3,512,000 after purchasing an additional 399 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Cracker Barrel Old Country Store by 5.4% during the second quarter. UBS Asset Management Americas Inc. now owns 12,390 shares of the restaurant operator’s stock worth $2,072,000 after purchasing an additional 636 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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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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