Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other equities analysts have also issued reports on the company. Telsey Advisory Group raised Cracker Barrel Old Country Store from a “market perform” rating to an “outperform” rating and upped their target price for the company from $155.00 to $175.00 in a report on Tuesday, October 16th. Maxim Group reduced their price objective on Cracker Barrel Old Country Store from $187.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, September 19th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, August 17th. SunTrust Banks reduced their price objective on Cracker Barrel Old Country Store to $146.00 and set a “positive” rating for the company in a report on Thursday, September 6th. Finally, BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $160.00.

CBRL stock opened at $170.24 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.84 and a quick ratio of 0.41. Cracker Barrel Old Country Store has a 12-month low of $141.63 and a 12-month high of $179.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.14). The business had revenue of $810.90 million during the quarter, compared to the consensus estimate of $824.86 million. Cracker Barrel Old Country Store had a net margin of 8.17% and a return on equity of 35.81%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 earnings per share. Analysts anticipate that Cracker Barrel Old Country Store will post 8.86 earnings per share for the current fiscal year.

In other Cracker Barrel Old Country Store news, VP Nicholas V. Flanagan sold 6,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $145.81, for a total transaction of $874,860.00. Following the completion of the transaction, the vice president now directly owns 18,784 shares of the company’s stock, valued at $2,738,895.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Laura A. Daily sold 2,740 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total value of $398,944.00. Following the transaction, the vice president now directly owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $144,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $169,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $209,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth $230,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Cracker Barrel Old Country Store by 480.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the restaurant operator’s stock worth $230,000 after acquiring an additional 1,296 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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