Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) was downgraded by equities research analysts at Maxim Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $170.00 target price on the stock, up from their previous target price of $118.02. Maxim Group’s target price would suggest a potential upside of 4.06% from the stock’s current price.

A number of other equities analysts also recently issued reports on CBRL. Telsey Advisory Group lowered their price target on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating on the stock in a research report on Thursday, September 15th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a research report on Wednesday, November 23rd. Bank of America Corp. reiterated a “sell” rating and set a $140.00 price target on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 15th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and set a $132.50 price target (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Cracker Barrel Old Country Store has an average rating of “Hold” and an average target price of $162.50.

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

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 163.37 on Monday. Cracker Barrel Old Country Store has a 52-week low of $118.01 and a 52-week high of $172.89. The stock has a market capitalization of $3.93 billion, a PE ratio of 20.00 and a beta of 0.31. The stock’s 50 day moving average price is $141.77 and its 200-day moving average price is $151.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.17. The company had revenue of $710 million for the quarter, compared to the consensus estimate of $713.73 million. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. Cracker Barrel Old Country Store’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. On average, equities analysts expect that Cracker Barrel Old Country Store will post $8.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $4.60 annualized dividend and a dividend yield of 2.82%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.23%.

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In other news, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $164.50, for a total value of $329,000.00. Following the transaction, the director now owns 11,758 shares in the company, valued at $1,934,191. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nicholas V. Flanagan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $164.05, for a total value of $1,640,500.00. Following the completion of the transaction, the vice president now owns 12,679 shares in the company, valued at approximately $2,079,989.95. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in Cracker Barrel Old Country Store by 5.9% in the third quarter. BlackRock Fund Advisors now owns 1,178,011 shares of the company’s stock valued at $155,757,000 after buying an additional 65,256 shares during the period. State Street Corp increased its position in Cracker Barrel Old Country Store by 0.4% in the second quarter. State Street Corp now owns 718,388 shares of the company’s stock valued at $123,188,000 after buying an additional 3,062 shares during the period. Ameriprise Financial Inc. increased its position in Cracker Barrel Old Country Store by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 668,820 shares of the company’s stock valued at $86,092,000 after buying an additional 76,099 shares during the period. FMR LLC increased its position in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock valued at $62,836,000 after buying an additional 81,955 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Cracker Barrel Old Country Store by 5.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 350,154 shares of the company’s stock valued at $46,296,000 after buying an additional 18,736 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.

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.

5 Day Chart for NASDAQ:CBRL

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