Maxim Group Analysts Give Cracker Barrel Old Country Store (NASDAQ:CBRL) a $195.00 Price Target

Maxim Group set a $195.00 price target on Cracker Barrel Old Country Store (NASDAQ:CBRL) in a report issued on Sunday, AnalystRatings.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

CBRL has been the subject of a number of other reports. SunTrust Banks cut their price target on Cracker Barrel Old Country Store to $161.00 and set a hold rating for the company in a report on Wednesday, June 5th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a sell rating to a hold rating in a research report on Thursday, May 23rd. Wells Fargo & Co reiterated an in-line rating and issued a $150.00 price objective (down previously from $156.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, September 11th. BidaskClub downgraded Cracker Barrel Old Country Store from a hold rating to a sell rating in a research report on Tuesday, September 10th. Finally, Telsey Advisory Group downgraded Cracker Barrel Old Country Store from an outperform rating to a market perform rating and lowered their price objective for the stock from $190.00 to $170.00 in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of Hold and an average price target of $172.82.

Shares of CBRL opened at $165.57 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.81 and a beta of 0.59. The stock has a 50 day moving average of $166.40 and a 200 day moving average of $165.01. Cracker Barrel Old Country Store has a 12 month low of $142.17 and a 12 month high of $185.00.



Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.27. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The business had revenue of $787.10 million during the quarter, compared to analyst estimates of $781.90 million. During the same period in the prior year, the company earned $2.19 earnings per share. Cracker Barrel Old Country Store’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Cracker Barrel Old Country Store will post 9 earnings per share for the current year.

Cracker Barrel Old Country Store announced that its board has authorized a share buyback plan on Tuesday, June 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 13,887 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $169.97, for a total transaction of $2,360,373.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 999,601 shares of company stock worth $171,537,766 in the last 90 days. Company insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in Cracker Barrel Old Country Store by 18.9% during the second quarter. Royal Bank of Canada now owns 61,743 shares of the restaurant operator’s stock valued at $10,541,000 after purchasing an additional 9,833 shares in the last quarter. UBS Group AG grew its stake in shares of Cracker Barrel Old Country Store by 11.1% in the second quarter. UBS Group AG now owns 42,078 shares of the restaurant operator’s stock worth $7,184,000 after purchasing an additional 4,221 shares during the last quarter. Verition Fund Management LLC bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $285,000. Amundi Pioneer Asset Management Inc. boosted its position in Cracker Barrel Old Country Store by 12.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 77,818 shares of the restaurant operator’s stock valued at $13,286,000 after acquiring an additional 8,767 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in Cracker Barrel Old Country Store by 4.6% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 119,006 shares of the restaurant operator’s stock valued at $20,318,000 after acquiring an additional 5,201 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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