Cracker Barrel Old Country Store (CBRL) is Downgraded by Telsey Advisory Group to Market Perform, Raises Price Target to $ 172

Cracker Barrel Old Country Store (CBRL) was Downgraded by Telsey Advisory Group to ” Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 172 from a previous price target of $160 . Earlier the firm had a rating of “Outperform ” on the company shares. Telsey Advisory Group advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Cracker Barrel Old Country Store. Cracker Barrel Old Country Store was Upgraded by Longbow to ” Buy” on Apr 7, 2016. Company shares were Reiterated by Maxim Group on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 166 from a previous price target of $155 .

On the company’s financial health, Cracker Barrel Old Country Store reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $1.80. The company had revenue of $700.01 million for the quarter, compared to analysts expectations of $705.60 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Cracker Barrel Old Country Store opened for trading at $151.12 and hit $153 on the upside on Friday, eventually ending the session at $152.77, with a gain of 1.51% or 2.27 points. The heightened volatility saw the trading volume jump to 4,47,860 shares. Company has a market cap of $3,657 M.

In a different news, on Mar 4, 2016, Richard J Dobkin (director) sold 2,000 shares at $148.20 per share price. According to the SEC, on Nov 16, 2015, Andrea Weiss (director) sold 315 shares at $132.19 per share price. On Sep 21, 2015, Sandra B Cochran (President & CEO) sold 40,000 shares at $146.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Cracker Barrel Old Country Store Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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. Its restaurants offer home-style country cooking featuring its own recipes. Its breakfast items include juices eggs pancakes fruit and yogurt parfaits grits and a range of biscuit specialties such as gravy and biscuits and country ham and biscuits. Its lunch and dinner items include country ham chicken and dumplings chicken fried chicken meatloaf roast beef vegetable plates a range of salads sandwiches soups fresh side items and specialty items among others.

Cracker Barrel Old Country Store

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