SunTrust Robinson analyst Jake Bartlett reiterated a Hold rating on Cracker Barrel (CBRL) yesterday and set a price target of $160. The company’s shares opened today at $182.10, close to its 52-week high of $185.
According to TipRanks.com, Bartlett is a 5-star analyst with an average return of 13.0% and a 69.6% success rate. Bartlett covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Jack In The Box Inc, and McDonald’s Corp.
Currently, the analyst consensus on Cracker Barrel is a Hold with an average price target of $179, which is a -1.7% downside from current levels. In a report issued on November 20, Maxim Group also downgraded the stock to Hold with a $175 price target.
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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.
