Cracker Barrel Old Country Store (CBRL) PT Set at $152.00 by SunTrust Banks

Cracker Barrel Old Country Store (NASDAQ:CBRL) has been assigned a $152.00 price target by investment analysts at SunTrust Banks in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. SunTrust Banks’ price target would suggest a potential downside of 4.91% from the company’s current price. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q4 2018 earnings at $2.86 EPS.

Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Wednesday, January 10th. Maxim Group restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price target (up previously from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, February 15th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $163.13.

Shares of Cracker Barrel Old Country Store (CBRL) opened at $159.85 on Wednesday. The stock has a market cap of $3,805.29, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.02 and a quick ratio of 0.42. Cracker Barrel Old Country Store has a 52-week low of $141.75 and a 52-week high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.31. The company had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $787.26 million. Cracker Barrel Old Country Store had a net margin of 8.10% and a return on equity of 36.86%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.19 EPS. equities research analysts anticipate that Cracker Barrel Old Country Store will post 9.45 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $266,000. HighPoint Advisor Group LLC bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $211,000. MetLife Investment Advisors LLC bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $3,756,000. Vident Investment Advisory LLC raised its stake in shares of Cracker Barrel Old Country Store by 82.4% during the 4th quarter. Vident Investment Advisory LLC now owns 4,852 shares of the restaurant operator’s stock worth $771,000 after acquiring an additional 2,192 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Cracker Barrel Old Country Store by 7.9% during the 4th quarter. LPL Financial LLC now owns 14,851 shares of the restaurant operator’s stock worth $2,360,000 after acquiring an additional 1,087 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.

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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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