Instinet restated their neutral rating on shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in a report issued on Thursday. Instinet currently has a $158.00 price objective on the restaurant operator’s stock, down from their prior price objective of $162.00.

CBRL has been the topic of a number of other reports. Maxim Group reissued a hold rating and issued a $155.00 price target (down from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 7th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Friday, July 28th. Bank of America Corporation dropped their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an underperform rating on the stock in a report on Monday, September 11th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $181.00 price objective on the stock in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reaffirmed 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 report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $163.22.

Cracker Barrel Old Country Store (NASDAQ CBRL) opened at 152.41 on Thursday. Cracker Barrel Old Country Store has a 52-week low of $130.15 and a 52-week high of $175.04. The company’s 50-day moving average is $150.25 and its 200-day moving average is $158.86. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 18.47 and a beta of 0.52.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. BlackRock Inc. lifted its holdings in Cracker Barrel Old Country Store by 18,784.9% during the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after purchasing an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock worth $352,995,000 after buying an additional 294,756 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Cracker Barrel Old Country Store by 338.6% in the first quarter. Schroder Investment Management Group now owns 243,160 shares of the restaurant operator’s stock worth $38,801,000 after buying an additional 187,718 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 77.7% in the first quarter. AQR Capital Management LLC now owns 413,559 shares of the restaurant operator’s stock worth $65,859,000 after buying an additional 180,824 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 1,707.6% in the first quarter. Gotham Asset Management LLC now owns 75,252 shares of the restaurant operator’s stock worth $11,984,000 after buying an additional 71,089 shares in the last quarter. 85.80% of the stock is currently 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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