Reaffirmed: Cracker Barrel (NASDAQ:CBRL) “Hold” Rating Reaffirmed by Analysts at Maxim Group; $170 Target in Place

May 17, 2018 - By Jason Grubb

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

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.19, from 1.41 in 2017Q3. It turned negative, as 25 investors sold Cracker Barrel Old Country Store, Inc. shares while 90 reduced holdings. 44 funds opened positions while 96 raised stakes. 20.03 million shares or 1.81% less from 20.40 million shares in 2017Q3 were reported.

Scout reported 0.54% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Verity & Verity Limited Liability has invested 0.55% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Legal And General Gru Public Limited Com holds 0% or 27,797 shares. Shelton Cap reported 1,806 shares. Qs Investors Ltd holds 0.01% or 10,034 shares. Axa has 131,400 shares for 0.08% of their portfolio. Creative Planning invested 0.01% of its portfolio in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Enterprise Finance reported 155 shares. Lpl Financial Ltd Liability Corp has invested 0.01% in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). San Francisco Sentry Inv Gp (Ca) owns 0.04% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 753 shares. First Citizens Bankshares Tru owns 1,939 shares or 0.04% of their US portfolio. 30 were reported by Assetmark Inc. Willis Investment Counsel accumulated 98,700 shares. California Pub Employees Retirement System holds 33,634 shares or 0.01% of its portfolio. Aperio Grp Inc Limited Liability owns 0.03% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 33,732 shares.

Cracker Barrel (NASDAQ:CBRL) Rating Reaffirmed

Recently, In a research note revealed to clients on Thursday morning, Cracker Barrel (NASDAQ:CBRL) shares have had their “Hold” Rating kept by investment analysts at Maxim Group, who currently has a $170 target price on firm. This target by Maxim Group gives the possibile upside of 7.68 % from the last close price.

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

Among 4 analysts covering Cracker Barrel Old (NASDAQ:CBRL), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Cracker Barrel Old has $165.0 highest and $150 lowest target. $155.67’s average target is -1.40% below currents $157.88 stock price. Cracker Barrel Old had 6 analyst reports since November 22, 2017 according to SRatingsIntel. Bank of America maintained the stock with “Underperform” rating in Tuesday, April 10 report. The firm has “Hold” rating by Wells Fargo given on Tuesday, February 13. Longbow downgraded the stock to “Neutral” rating in Wednesday, November 22 report. SunTrust maintained it with “Hold” rating and $165.0 target in Monday, February 5 report. SunTrust maintained the shares of CBRL in report on Tuesday, January 2 with “Hold” rating. The company was maintained on Wednesday, February 21 by Bank of America.

The stock increased 1.14% or $1.78 during the last trading session, reaching $157.88. About 153,623 shares traded. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has risen 1.24% since May 17, 2017 and is uptrending. It has underperformed by 10.31% the S&P500.

Analysts await Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to report earnings on May, 22 before the open. They expect $1.93 earnings per share, down 1.03 % or $0.02 from last year’s $1.95 per share. CBRL’s profit will be $46.33 million for 20.45 P/E if the $1.93 EPS becomes a reality. After $2.73 actual earnings per share reported by Cracker Barrel Old Country Store, Inc. for the previous quarter, Wall Street now forecasts -29.30 % negative EPS growth.

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company has market cap of $3.79 billion. The companyÂ’s Cracker Barrel stores consist of a restaurant with a gift shop. It has a 15.97 P/E ratio. The Company’s restaurants serve breakfast, lunch, and dinner.

More news for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were recently published by: Nasdaq.com, which released: “Research Report Identifies Cracker Barrel Old Country Store, Enova International, Natera, Inovalon, UMH Properties …” on May 01, 2018. Prnewswire.com‘s article titled: “Cracker Barrel Fiscal 2018 Third Quarter Conference Call On The Internet” and published on May 08, 2018 is yet another important article.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Institutional Positions Chart

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