Maxim Group set a $195.00 price objective on Cracker Barrel Old Country Store (NASDAQ:CBRL) in a report issued on Sunday morning, AnalystRatings.com reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other research firms also recently weighed in on CBRL. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Tuesday, September 10th. SunTrust Banks reduced their target price on shares of Cracker Barrel Old Country Store to $161.00 and set a hold rating on the stock in a report on Wednesday, June 5th. Wells Fargo & Co restated an in-line rating and issued a $150.00 target price (down from $156.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, September 11th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Thursday, May 23rd. Finally, Telsey Advisory Group downgraded shares of Cracker Barrel Old Country Store from an outperform rating to a market perform rating and reduced their target price for the stock from $190.00 to $170.00 in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Cracker Barrel Old Country Store has a consensus rating of Hold and an average price target of $171.54.

Cracker Barrel Old Country Store stock opened at $167.91 on Friday. The company’s 50-day moving average price is $166.57 and its 200-day moving average price is $164.98. Cracker Barrel Old Country Store has a twelve month low of $141.63 and a twelve month high of $185.00. The company has a quick ratio of 0.57, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.04 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.27. Cracker Barrel Old Country Store had a net margin of 7.10% and a return on equity of 34.36%. The firm had revenue of $787.10 million for the quarter, compared to the consensus estimate of $781.90 million. During the same period in the previous year, the firm posted $2.19 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 9 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 1.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, major shareholder Sardar Biglari sold 13,887 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $169.97, for a total transaction of $2,360,373.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 999,601 shares of company stock worth $171,537,766 over the last quarter. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. BlackRock Inc. now owns 2,630,579 shares of the restaurant operator’s stock valued at $425,129,000 after purchasing an additional 36,576 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Cracker Barrel Old Country Store by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 618,653 shares of the restaurant operator’s stock valued at $105,622,000 after purchasing an additional 15,360 shares during the last quarter. Bessemer Group Inc. grew its holdings in Cracker Barrel Old Country Store by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 430,078 shares of the restaurant operator’s stock valued at $73,427,000 after purchasing an additional 3,391 shares during the last quarter. APG Asset Management N.V. grew its holdings in Cracker Barrel Old Country Store by 17.4% during the 2nd quarter. APG Asset Management N.V. now owns 391,900 shares of the restaurant operator’s stock valued at $58,754,000 after purchasing an additional 58,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Cracker Barrel Old Country Store by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 385,466 shares of the restaurant operator’s stock valued at $65,811,000 after purchasing an additional 1,052 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

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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