Ratings Change: Maxim Group Gives Cracker Barrel Old Country Store (NASDAQ:CBRL) Lower Rating. Lost Its Buy Rating

November 28, 2016 - By Linda Rogers

Ratings Change: Maxim Group Gives Cracker Barrel Old Country Store (NASDAQ:CBRL) Lower Rating. Lost Its Buy Rating

Cracker Barrel Old Country Store (NASDAQ:CBRL) Downgrade

New York-listed Cracker Barrel Old Country Store (NASDAQ:CBRL), was cut by equity analysts at Maxim Group. Maxim Group cut its rating on the $3.88B market cap company to a Hold from a previous Buy.

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 0.89% above today’s ($162.55) stock price. Cracker Barrel has been the topic of 20 analyst reports since September 29, 2015 according to StockzIntelligence Inc. As per Wednesday, February 24, the company rating was downgraded by Suntrust Robinson. The firm has “Buy” rating given on Tuesday, November 15 by Maxim Group. Telsey Advisory Group maintained Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) rating on Wednesday, November 25. Telsey Advisory Group has “Market Perform” rating and $142 price target. On Monday, February 22 the stock rating was maintained by Maxim Group with “Buy”. Maxim Group maintained it with “Buy” rating and $165 target price in Thursday, September 15 report. As per Monday, February 22, the company rating was upgraded by Telsey Advisory Group. SunTrust initiated the stock with “Neutral” rating in Thursday, October 8 report. The firm earned “Market Perform” rating on Friday, October 23 by Telsey Advisory Group. The company was initiated on Thursday, October 8 by Suntrust Robinson. Telsey Advisory Group maintained Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) on Tuesday, August 30 with “Market Perform” rating.

About 183,531 shares traded hands. 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 dived, 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.

Moreover, First Midwest Commercial Bank Trust Division has 0.21% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 10,145 shares. Stevens Cap Management Lp holds 0.06% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 8,848 shares. Sei Com last reported 1 shares in the company. Signaturefd Ltd Limited Liability Company has 0.01% invested in the company for 255 shares. Lazard Asset Management Lc holds 0% or 202 shares in its portfolio. Biglari, a Texas-based fund reported 4.74 million shares. The Missouri-based Amer Century Cos has invested 0% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Blackrock holds 0% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 11,421 shares. Aperio Grp Llc reported 12,476 shares or 0.02% of all its holdings. Umb Comml Bank N A Mo holds 0.02% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 2,325 shares. Creative Planning owns 14,902 shares or 0.02% of their US portfolio. Moody Fincl Bank Division owns 2,550 shares or 0.02% of their US portfolio. Moreover, Credit Agricole S A has 0.03% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 41,711 shares. Susquehanna Grp Ltd Liability Partnership holds 31,700 shares or 0% of its portfolio. Qs Investors Lc has invested 0.07% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL).

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 $3.88 billion. The Company’s divisions include Restaurant and Retail. It has a 19.89 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.

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