Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $157.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price boosted by equities research analysts at Wells Fargo & Co from $155.00 to $157.00 in a report issued on Friday, Stock Target Advisor reports. The firm presently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price points to a potential downside of 5.06% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on CBRL. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. SunTrust Banks lifted their price target on shares of Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Wednesday, September 18th. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. MKM Partners initiated coverage on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 26th. They set a “neutral” rating and a $160.00 price target for the company. Finally, Maxim Group reiterated a “buy” rating and set a $195.00 price target on shares of Cracker Barrel Old Country Store in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $174.25.

CBRL traded up $1.78 during midday trading on Friday, hitting $165.36. 250,400 shares of the company traded hands, compared to its average volume of 380,562. Cracker Barrel Old Country Store has a 52-week low of $150.43 and a 52-week high of $185.00. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.72 and a beta of 0.56. The business has a 50 day simple moving average of $160.33 and a two-hundred day simple moving average of $165.87. The company has a current ratio of 0.62, a quick ratio of 0.22 and a debt-to-equity ratio of 0.66.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.27. Cracker Barrel Old Country Store had a net margin of 7.27% and a return on equity of 36.01%. The business had revenue of $787.10 million during the quarter, compared to analysts’ expectations of $781.90 million. During the same period last year, the business earned $2.19 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 9.37 earnings per share for the current year.

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In other news, CEO Sandra B. Cochran sold 9,007 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $165.95, for a total value of $1,494,711.65. Following the completion of the transaction, the chief executive officer now owns 153,514 shares of the company’s stock, valued at $25,475,648.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sandra B. Cochran sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $164.04, for a total transaction of $3,280,800.00. Following the completion of the transaction, the chief executive officer now directly owns 153,828 shares of the company’s stock, valued at approximately $25,233,945.12. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Enterprise Financial Services Corp lifted its stake in Cracker Barrel Old Country Store by 298.4% in the second quarter. Enterprise Financial Services Corp now owns 255 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 191 shares during the last quarter. CWM LLC lifted its stake in Cracker Barrel Old Country Store by 1,605.3% in the third quarter. CWM LLC now owns 324 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 305 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Cracker Barrel Old Country Store in the second quarter worth approximately $74,000. Whitener Capital Management Inc. lifted its stake in Cracker Barrel Old Country Store by 117.6% in the second quarter. Whitener Capital Management Inc. now owns 555 shares of the restaurant operator’s stock worth $94,000 after acquiring an additional 300 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 101.3% in the second quarter. Parallel Advisors LLC now owns 630 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 317 shares during the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

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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