Todays Report: Today: Maxim Group lowers the Stock rating of Cracker Barrel Old Country Store, Inc. (CBRL)

Today: Maxim Group lowers the Stock rating of Cracker Barrel Old Country Store, Inc. (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was downgraded by Maxim Group from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $170.00 price objective on the stock. Maxim Group’s price objective would indicate a potential upside of 3.45% from the company’s previous close.

A number of other brokerages have also recently issued reports on CBRL. Telsey Advisory Group reduced their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a research note on Thursday, September 15th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Bank of America Corp. reissued a “sell” rating and issued a $140.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Finally, Wells Fargo & Co. reissued a “market perform” rating and issued a $132.50 price objective (down from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $162.50.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 164.33 on Monday. Cracker Barrel Old Country Store has a 1-year low of $118.01 and a 1-year high of $172.89. The firm has a 50-day moving average of $140.97 and a 200 day moving average of $151.66. The company has a market capitalization of $3.95 billion, a P/E ratio of 20.91 and a beta of 0.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.17. The firm earned $710 million during the quarter, compared to analysts’ expectations of $713.73 million. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. On average, analysts anticipate that Cracker Barrel Old Country Store will post $8.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.80%. Cracker Barrel Old Country Store’s payout ratio is currently 56.23%.

Several institutional investors have recently modified their holdings of CBRL. Synovus Financial Corp boosted its position in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock worth $120,000 after buying an additional 6 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Cracker Barrel Old Country Store by 1.3% in the second quarter. BB&T Securities LLC now owns 1,670 shares of the company’s stock worth $286,000 after buying an additional 21 shares during the last quarter. Eaton Vance Management boosted its position in shares of Cracker Barrel Old Country Store by 0.6% in the second quarter. Eaton Vance Management now owns 4,339 shares of the company’s stock worth $744,000 after buying an additional 25 shares during the last quarter. Jensen Investment Management Inc. boosted its position in shares of Cracker Barrel Old Country Store by 1.8% in the second quarter. Jensen Investment Management Inc. now owns 2,760 shares of the company’s stock worth $473,000 after buying an additional 50 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock worth $164,000 after buying an additional 55 shares during the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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