Maxim Group Releases a Hold Rating on Cracker Barrel

Maxim Group analyst Stephen Anderson assigned a Hold rating to Cracker Barrel (NASDAQ: CBRL) today and set a price target of $155. The company’s shares closed yesterday at $148.42.

Anderson observed:

“Cracker Barrel (CBRL) reported F4Q17 (April) EPS of $2.23, which were above our $2.20 estimate and the $2.19 Street mean. CBRL’s restaurant-level comp of -0.8% missed consensus, though we were encouraged by improving monthly comp trends as the quarter progressed. The company’s retail sales were down 4.4% y/y, and we contend visibility here remains low as we believe retail sales are being hurt by Amazon and other online retailers.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.0% and a 56.8% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Popeyes Louisiana Kitchen.

Cracker Barrel has an analyst consensus of Hold, with a price target consensus of $158.50.

The company has a one year high of $175.04 and a one year low of $130.15. Currently, Cracker Barrel has an average volume of 251.7K.

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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 name. Its 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.

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