Follow The Ratings: Cracker Barrel (NASDAQ:CBRL) Market Perform Rating Maintained at Telsey Advisory Group; With $170 Target

November 23, 2016 - By Marguerite Chambers

Follow The Ratings: Cracker Barrel (NASDAQ:CBRL) Market Perform Rating Maintained at Telsey Advisory Group; With $170 Target

Cracker Barrel (NASDAQ:CBRL) Rating

They currently have a $170 TP on Cracker Barrel (NASDAQ:CBRL). Telsey Advisory Group’s target would suggest a potential upside of 4.29% from the company’s last stock price. This was revealed to clients and investors in a note on Wednesday morning.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Ratings Coverage

Out of 7 analysts covering Cracker Barrel (NASDAQ:CBRL), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $170 is the highest target while $142 is the lowest. The $159 average target is -2.46% below today’s ($163.01) stock price. Cracker Barrel has been the topic of 19 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has “Outperform” rating given on Monday, February 22 by Telsey Advisory Group. On Thursday, April 7 the stock rating was upgraded by Longbow to “Buy”. As per Tuesday, September 29, the company rating was initiated by Telsey Advisory Group. Maxim Group maintained Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) on Tuesday, November 15 with “Buy” rating. Suntrust Robinson initiated Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) on Thursday, October 8 with “Neutral” rating. The company was initiated on Wednesday, December 9 by Maxim Group. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) earned “Market Perform” rating by Telsey Advisory Group on Friday, October 23. The stock has “Buy” rating given by SunTrust on Tuesday, January 26. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has “Buy” rating given on Tuesday, January 26 by Suntrust Robinson. Maxim Group maintained Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) on Monday, February 22 with “Buy” rating.

The stock increased 5.74% or $8.85 during the last trading session, hitting $163.01. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has risen 10.94% since April 21, 2016 and is uptrending. It has outperformed by 5.61% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.21, from 1.17 in 2016Q1. The ratio fall, as 27 funds sold all Cracker Barrel Old Country Store, Inc. shares owned while 98 reduced positions. 47 funds bought stakes while 99 increased positions. They now own 20.00 million shares or 0.19% less from 20.03 million shares in 2016Q1.

Employees Retirement Of Texas, a Texas-based fund reported 17,000 shares. Ahl Ptnrs Limited Liability Partnership has invested 0.02% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Sigma Planning last reported 1,889 shares in the company. Analytic Investors Limited Liability accumulated 14,225 shares or 0.03% of the stock. Moreover, Lpl Financial Limited Liability Corp has 0.01% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 6,247 shares. Willis Investment Counsel last reported 0.81% of its portfolio in the stock. Blackrock Institutional Tru Communication Na holds 0.02% or 651,434 shares in its portfolio. Shelton Cap Mngmt last reported 2,273 shares in the company. Biglari Capital accumulated 63.75% or 4.74M shares. Advsr Asset Mgmt last reported 37,503 shares in the company. Dupont Cap Mngmt, a Delaware-based fund reported 9,540 shares. Suntrust Banks last reported 15,301 shares in the company. Horrell Mgmt holds 27,000 shares or 2.56% of its portfolio. Global X Mgmt Ltd Company holds 0% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 178 shares. Argentus Capital Lc holds 0.15% or 1,989 shares in its portfolio.

Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept . The company has a market cap of $3.89 billion. The Company’s divisions include Restaurant and Retail. It has a 20.73 P/E ratio. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states.

According to Zacks Investment Research, “Cracker Barrel Old Country Store, Inc., formerly CBRL Group, Inc., is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept. The format of Cracker Barrel stores consists of a rustic, old country-store design with a separate retail area offering a variety of decorative and functional items featuring rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods, including various old fashioned candies and jellies.”

CBRL Company Profile

Cracker Barrel Old Country Store, Inc., incorporated on October 16, 1969, is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s divisions 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. The Company’s restaurants offer home-style country cooking featuring of its own recipes. The Company’s restaurants serve breakfast, lunch and dinner. The Company’s breakfast items include juices, eggs, pancakes, fruit and yogurt parfaits, pork and turkey bacon, country ham, sausage, grits, and a range of biscuit specialties, such as gravy and biscuits and country ham and biscuits. The Company’s Lunch and dinner items include country ham, chicken and dumplings, chicken fried chicken, meatloaf, country fried steak, pork chops, fish, steak, roast beef, vegetable plates, a range of salads, sandwiches, soups, fresh side items and specialty items, such as pinto beans and turnip greens.

More notable recent Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) news were published by: Reuters.com which released: “BRIEF-Cracker Barrel Old Country Store Inc reports Q1 EPS of $2.01” on November 22, 2016, also Prnewswire.com with their article: “Cracker Barrel Old Country Store® Introduces New Heat n’ Serve Holiday Family …” published on November 10, 2016, Forbes.com published: “Ex-Dividend Reminder: Cracker Barrel Old Country Store, Foot Locker and Yum …” on July 11, 2016. More interesting news about Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were released by: Prnewswire.com and their article: “Reba McEntire and Cracker Barrel Old Country Store® Partner to Release …” published on July 19, 2016 as well as Prnewswire.com‘s news article titled: “Amy Grant and Cracker Barrel Old Country Store® Bring Home the Holidays with …” with publication date: October 20, 2016.

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