Argus Raises Cracker Barrel to Buy (CBRL)
Cracker Barrel (NASDAQ: CBRL) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $72.00 price target on the stock.
CBRL has been the subject of a number of other recent research reports. Analysts at Bank of America (NYSE: BAC) raised their price target on shares of Cracker Barrel from $48.00 to $52.00 in a research note to investors on Wednesday, May 23rd. They now have an “underperform” rating on the stock. Separately, analysts at Miller Tabak raised their price target on shares of Cracker Barrel from $62.00 to $76.00 in a research note to investors on Wednesday, May 23rd. They now have a “buy” rating on the stock. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Cracker Barrel in a research note to investors on Friday, May 11st. They set a “market perform” rating on the stock.
Cracker Barrel traded up 0.59% on Friday, hitting $59.82. Cracker Barrel has a 52-week low of $37.31 and a 52-week high of $59.90. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 16.13.
Cracker Barrel last posted its quarterly earnings results on Tuesday, May 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Cracker Barrel will post $1.16 EPS next quarter.
Cracker Barrel Old Country Store, Inc. is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept (Cracker Barrel).