Newest Rating: Maxim Group Cuts Cracker Barrel (NASDAQ:CBRL) To Hold. The Target Given is $170

November 28, 2016 - By Adrian Mccoy

Newest Rating:  Maxim Group Cuts Cracker Barrel (NASDAQ:CBRL) To Hold. The Target Given is $170

Cracker Barrel (NASDAQ:CBRL) Downgrade

New York-listed Cracker Barrel (NASDAQ:CBRL), was cut by expert analysts at Maxim Group. Maxim Group cut its rating on the $3.92 billion market cap company to a Hold from a previous Buy, but maintained its target of $170 on CBRL shares.

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 $164 average target is -0.20% below today’s ($164.33) stock price. Cracker Barrel has been the topic of 20 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by SunTrust on Thursday, June 2. As per Wednesday, February 24, the company rating was downgraded by Suntrust Robinson. The stock has “Underperform” rating given by Bank of America on Monday, July 11. Telsey Advisory Group maintained it with “Market Perform” rating and $142 target price in Wednesday, November 25 report. The firm earned “Market Perform” rating on Tuesday, August 30 by Telsey Advisory Group. Telsey Advisory Group upgraded the stock to “Outperform” rating in Monday, February 22 report. The firm has “Hold” rating given on Wednesday, November 25 by Argus Research. The stock of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has “Buy” rating given on Tuesday, January 26 by SunTrust. The company was initiated on Thursday, October 8 by SunTrust. Telsey Advisory Group maintained it with “Market Perform” rating and $150 target price in Thursday, September 15 report.

The stock decreased 0.79% or $1.31 on November 25, hitting $164.33. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has risen 10.88% since April 25, 2016 and is uptrending. It has outperformed by 4.87% 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 worsened, 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.

The California-based California Public Employees Retirement Systems has invested 0.01% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Ubs Asset Mngmt Americas holds 0% or 14,054 shares in its portfolio. Brown Brothers Harriman has 25 shares for 0% of their US portfolio. Moreover, Blackrock Institutional Com Na has 0.02% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 651,434 shares. Pioneer Mngmt Inc, a Massachusetts-based fund reported 57,747 shares. Rfg Advisory Gru Limited Co has 1,902 shares for 0.28% of their US portfolio. Gotham Asset Llc holds 0.04% or 19,507 shares in its portfolio. Synovus Financial has 0% invested in the company for 896 shares. Alpha Windward Ltd Liability Com reported 2,977 shares or 0.37% of all its holdings. Hillcrest Asset Mgmt Lc accumulated 41,525 shares or 1.79% of the stock. Susquehanna Gp Ltd Liability Partnership reported 31,700 shares or 0% of all its holdings. Csat Advisory Lp has 5.21% invested in the company for 14,466 shares. Legal And General Grp Public Ltd Com owns 12,299 shares or 0% of their US portfolio. Moreover, Dupont Capital Management Corporation has 0.04% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 9,540 shares. Summit Group Inc Ltd accumulated 2,730 shares or 0.25% of the stock.

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 $3.92 billion. The Company’s divisions include Restaurant and Retail. It has a 20.11 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: Nasdaq.com which released: “Cracker Barrel Old Country Store Reaches Analyst Target Price” on November 23, 2016, also Prnewswire.com with their article: “Cracker Barrel Old Country Store® Introduces New Heat n’ Serve Holiday Family …” published on November 10, 2016, Reuters.com published: “BRIEF-Cracker Barrel Old Country Store Inc reports Q1 EPS of $2.01” on November 22, 2016. More interesting news about Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Cracker Barrel Old Country Store, Foot Locker and Yum …” published on July 11, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>