Cracker Barrel (CBRL) Receives a Buy from Maxim Group

In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Cracker Barrel (NASDAQ: CBRL), with a price target of $175. The company’s shares closed yesterday at $150.83.

Anderson wrote:

“We maintain our Buy rating and $175 price target on Cracker Barrel (CBRL) as we expect the impact from Hurricane Michael will be limited and believe a menu test now underway will yield positive results, based on our recent channel checks.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.3% and a 73.2% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

Cracker Barrel has an analyst consensus of Moderate Buy, with a price target consensus of $154.50.

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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 357.6K.

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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.

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