Cracker Barrel Old Country Store (CBRL) Receives Analyst Rating

Cracker Barrel Old Country Store (CBRL) : 2 brokerage houses believe that Cracker Barrel Old Country Store (CBRL) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cracker Barrel Old Country Store (CBRL). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.57.

Cracker Barrel Old Country Store (CBRL) : The consensus price target for Cracker Barrel Old Country Store (CBRL) is $160.8 for the short term with a standard deviation of $18.67. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $187, however, the pessimist price target for the company is $140.


Also, Equity Analysts at the Bank of America downgrades the rating on Cracker Barrel Old Country Store (NASDAQ:CBRL). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 11, 2016.

Cracker Barrel Old Country Store (NASDAQ:CBRL): After opening at $139.6, the stock dipped to an intraday low of $138.58 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $141.005 and the buying power remained strong till the end. The stock closed at $140.2 for the day, a gain of 0.16% for the day session. The total traded volume was 607,567. The stocks close on the previous trading day was $139.98.

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.

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