Wells Fargo Remains a Hold on Cracker Barrel (CBRL)

In a report released yesterday, Gary Mobley from Wells Fargo maintained a Hold rating on Cracker Barrel (CBRL). The company’s shares closed last Thursday at $144.58.

According to TipRanks.com, Mobley is a 5-star analyst with an average return of 21.0% and a 71.9% success rate. Mobley covers the Technology sector, focusing on stocks such as Allegro MicroSystems, NXP Semiconductors, and Skyworks Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cracker Barrel with a $148.00 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 revenue of $495 million and net profit of $25.07 million. In comparison, last year the company earned revenue of $787 million and had a net profit of $65.03 million.

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Cracker Barrel Old Country Store, Inc. engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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