In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Cracker Barrel (NASDAQ: CBRL), with a price target of $187. The company’s shares opened today at $144.49, close to its 52-week low of $141.34.
Anderson wrote:
“Cracker Barrel (CBRL) reported F4Q18 (July) EPS of $2.55, which were below our $2.77 estimate, the $2.69 Street mean, and implied guidance of $2.62-$2.72. The EPS miss was the first in eight quarters.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 15.6% and a 74.9% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Cracker Barrel is a Moderate Buy with an average price target of $187.
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The company has a one-year high of $174.88 and a one-year low of $141.34. Currently, Cracker Barrel has an average volume of 294K.
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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 name. It serves breakfast, lunch and dinner, seasonal, kids, and dessert menus.
