Instinet assumed coverage on shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in a research report issued to clients and investors on Wednesday, July 12th, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $162.00 price target on the restaurant operator’s stock. Instinet’s price target points to a potential upside of 6.31% from the company’s current price.

A number of other equities research analysts also recently issued reports on CBRL. Wells Fargo & Company restated a “market perform” rating and set a $156.00 price objective (down from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Nomura started coverage on Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price objective on the stock. BidaskClub upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Maxim Group reiterated a “hold” rating and issued a $170.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Finally, Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $165.78.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 152.38 on Wednesday. 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 market cap of $3.66 billion, a P/E ratio of 18.47 and a beta of 0.51. The stock’s 50 day moving average price is $161.96 and its 200-day moving average price is $161.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $713.06 million. During the same period in the prior year, the business posted $1.82 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Cracker Barrel Old Country Store will post $8.33 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at about $232,000. Dimensional Fund Advisors LP boosted its stake in shares of Cracker Barrel Old Country Store by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock valued at $63,028,000 after buying an additional 11,236 shares during the period. Beacon Financial Group boosted its stake in shares of Cracker Barrel Old Country Store by 2.5% in the first quarter. Beacon Financial Group now owns 2,326 shares of the restaurant operator’s stock valued at $371,000 after buying an additional 57 shares during the period. FMR LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth $13,709,000. Finally, California Public Employees Retirement System boosted its stake in Cracker Barrel Old Country Store by 3.0% in the first quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 900 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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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