Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its price objective lifted by equities researchers at Maxim Group from $165.00 to $170.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 10.91% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on CBRL. Zacks Investment Research cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $132.50 target price (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. Telsey Advisory Group decreased their target price on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating for the company in a research report on Tuesday, August 30th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $140.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $159.64.

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

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 153.28 on Tuesday. Cracker Barrel Old Country Store has a 52 week low of $118.01 and a 52 week high of $172.89. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 19.50 and a beta of 0.31. The company has a 50 day moving average of $135.17 and a 200-day moving average of $151.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 14th. The company reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by $0.01. Cracker Barrel Old Country Store had a return on equity of 33.11% and a net margin of 6.50%. The firm earned $745.60 million during the quarter, compared to analyst estimates of $741.21 million. During the same quarter in the prior year, the company posted $1.97 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that Cracker Barrel Old Country Store will post $8.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Friday, October 14th were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s payout ratio is 58.45%.

Several hedge funds and other institutional investors have recently modified their holdings of CBRL. Highbridge Capital Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $307,000. Gotham Asset Management LLC raised its position in shares of Cracker Barrel Old Country Store by 40.9% in the third quarter. Gotham Asset Management LLC now owns 27,495 shares of the company’s stock worth $3,635,000 after buying an additional 7,988 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $14,178,000. The Manufacturers Life Insurance Company purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $5,967,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $243,000. Institutional investors and hedge funds own 83.35% of the company’s stock.

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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

5 Day Chart for NASDAQ:CBRL

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