Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) was downgraded by equities researchers at Maxim Group from a “buy” rating to a “hold” rating in a report released 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 price objective would suggest a potential upside of 4.06% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised 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 note on Wednesday, November 23rd. Telsey Advisory Group reduced 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 note on Thursday, September 15th. Wells Fargo & Co. reissued 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 note on Friday, September 16th. Finally, Bank of America Corp. reissued a “sell” rating and set a $140.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus 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 12 month low of $118.01 and a 12 month high of $172.89. The company’s 50-day moving average price is $141.77 and its 200-day moving average price is $151.78. The stock has a market cap of $3.93 billion, a P/E ratio of 20.00 and a beta of 0.31.

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 for the quarter, topping analysts’ consensus estimates of $1.84 by $0.17. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. The company had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. During the same quarter in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that Cracker Barrel Old Country Store will post $8.23 earnings per share for the current year.

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

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In related news, Director Andrea Weiss sold 2,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 11,758 shares in the company, valued at approximately $1,934,191. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Nicholas V. Flanagan sold 10,000 shares of the stock in a transaction 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 sale, the vice president now owns 12,679 shares of the company’s stock, valued at $2,079,989.95. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in CBRL. Nisa Investment Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 113.7% in the second quarter. Nisa Investment Advisors LLC now owns 43,800 shares of the company’s stock valued at $7,510,000 after buying an additional 23,300 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 76.4% in the second quarter. Eqis Capital Management Inc. now owns 2,376 shares of the company’s stock valued at $407,000 after buying an additional 1,029 shares in the last quarter. Kelman Lazarov Inc. increased its stake in shares of Cracker Barrel Old Country Store by 10.3% in the second quarter. Kelman Lazarov Inc. now owns 5,375 shares of the company’s stock valued at $912,000 after buying an additional 500 shares in the last quarter. First Manhattan Co. acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at $342,000. Finally, Capstone Asset Management Co. increased its stake in shares of Cracker Barrel Old Country Store by 2.5% in the second quarter. Capstone Asset Management Co. now owns 27,279 shares of the company’s stock valued at $4,678,000 after buying an additional 661 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

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.

5 Day Chart for NASDAQ:CBRL

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