In a report released yesterday, Robert Derrington from Telsey Advisory maintained a Buy rating on Cracker Barrel (CBRL), with a price target of $190. The company’s shares closed yesterday at $181.13, close to its 52-week high of $184.93.
Derrington has an average return of 18.4% when recommending Cracker Barrel.
According to TipRanks.com, Derrington is ranked #985 out of 5112 analysts.
Currently, the analyst consensus on Cracker Barrel is a Hold with an average price target of $164.75.
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Based on Cracker Barrel’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $47.21 million. In comparison, last year the company had a net profit of $46.38 million.
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Cracker Barrel Old Country Store, Inc. engages in the operation and development of restaurant and retail concepts. It operates restaurants under the Cracker Barrel Old Country Store brand. It serves breakfast, lunch and dinner, seasonal, kids, and dessert menus. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.
