Cracker Barrel Old Country Store Inc. (CBRL) Stock Rating Upgraded by Zacks Investment Research

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Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “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. “
Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up 0.06% during mid-day trading on Tuesday, hitting $150.95. The company’s stock had a trading volume of 345,979 shares. The firm has a market cap of $3.61 billion and a price-to-earnings ratio of 19.56. The firm has a 50 day moving average of $157.61 and a 200-day moving average of $155.55. Cracker Barrel Old Country Store has a 52-week low of $118.01 and a 52-week high of $172.89.

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Several institutional investors recently added to or reduced their stakes in CBRL. Commonwealth Equity Services Inc boosted its position in Cracker Barrel Old Country Store by 20.0% in the first quarter. Commonwealth Equity Services Inc now owns 8,031 shares of the company’s stock worth $1,226,000 after buying an additional 1,341 shares during the period. Apex Capital Management bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $15,916,000. Quantitative Systematic Strategies LLC bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $1,325,000. Boston Advisors LLC boosted its position in Cracker Barrel Old Country Store by 304.0% in the first quarter. Boston Advisors LLC now owns 6,985 shares of the company’s stock worth $1,066,000 after buying an additional 5,256 shares during the period. Finally, Kelman Lazarov Inc. bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $742,000.
In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 600 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $168.75, for a total transaction of $101,250.00. Following the sale, the vice president now owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other analysts also recently issued reports about the company. Maxim Group decreased their price objective on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating for the company in a report on Monday, August 8th. Telsey Advisory Group decreased their price objective on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating for the company in a report on Tuesday, August 30th. SunTrust Banks increased their price objective on Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, June 2nd. Finally, Bank of America Corp. downgraded Cracker Barrel Old Country Store from a “neutral” rating to an “underperform” rating and set a $140.00 price objective for the company. in a report on Monday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $165.83.
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.
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