In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Cracker Barrel (CBRL), with a price target of $175. The company’s shares opened today at $170.93.
Anderson commented:
“Cracker Barrel (CBRL) reported F1Q19 (October) EPS of $1.96, above our Street-high $1.95 estimate and the $1.90 Street mean.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.2% and a 70.8% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cracker Barrel with a $159 average price target.
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Based on Cracker Barrel’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $61.35 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.
