Cracker Barrel Old Country Store, Inc. (CBRL) Given New $158.00 Price Target at Nomura

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) had its price target trimmed by Nomura from $162.00 to $158.00 in a research report released on Thursday. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on CBRL. Maxim Group reissued a hold rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a research note on Wednesday, May 17th. Wells Fargo & Company reissued a market perform rating and set a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. BidaskClub raised Cracker Barrel Old Country Store from a hold rating to a buy rating in a research note on Friday, June 30th. Instinet started coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a neutral rating and a $162.00 target price for the company. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $181.00 target price for the company in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $163.22.

Cracker Barrel Old Country Store (NASDAQ CBRL) opened at 152.41 on Thursday. The company has a market cap of $3.66 billion, a P/E ratio of 18.47 and a beta of 0.52. Cracker Barrel Old Country Store has a 12 month low of $130.15 and a 12 month high of $175.04. The firm has a 50-day moving average price of $150.25 and a 200 day moving average price of $158.86.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.05. The company had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.12 earnings per share. Equities research analysts predict that Cracker Barrel Old Country Store will post $8.81 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CBRL. Acrospire Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at $100,000. Bruderman Asset Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cracker Barrel Old Country Store by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 61 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 96 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at $127,000. 85.80% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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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