Cracker Barrel Old Country Store, Inc

Marco Green
September 13, 2017

The current consensus rating for Cracker Barrel Old Country Store, Inc. Shares of Cracker Barrel Old Country Store, Inc. are now valued at $146.98 with a furture target price of $160.57 according to research brokerages. They gave a "neutral" recommendation and a $162.00 price objective on the shares. around three research experts recommended the company shares with a sell recommendation and around seven has issued a hold recommendation to the firms shares. Wells Fargo & Company reaffirmed a "market perform" rating and set a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. The company now has a consensus rating of "Hold" and an average target price of $164.11. (NASDAQ:CBRL) expressed a change of 1.68% and is now trading at $150.91.

The restaurant operator posted revenue of $743.2 million in the period, which missed Street forecasts.

On 5/23/2017 announced a special dividend of $3.50 2.89% with an ex dividend date of 7/12/2017 which will be payable on 7/14/2017. (CBRL) traded up 2.46% on Tuesday, hitting $148.42.

On 11/25/2016 Sandra B Cochran, COO, sold 30,000 with an average share price of $164.05 per share and the total transaction amounting to $4,921,500.00. Cracker Barrel Old Country Store, Inc. has a 52 week low of $130.15 and a 52 week high of $175.04. The stock now has an average rating of "Hold" and an average target price of $165.39.

The Nasdaq-listed firm said its net income for the quarter ended July 28 was US$53.9mln, or US$2.23 a share, up from US$51.0mln, or $2.12 a share a year earlier, and above the consensus for US$2.17 a share. Following the completion of the transaction, the vice president now directly owns 12,679 shares in the company, valued at approximately $2,079,989.95.

On 3/2/2017 Richard J Dobkin, Director, sold 2,000 with an average share price of $165.00 per share and the total transaction amounting to $330,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Legal & General Group Plc now owns 23,989 shares of the restaurant operator's stock valued at $4,015,000 after acquiring an additional 3,148 shares during the period. Institutional investors own 85.94% of the company's stock. The disclosure for this sale can be found here. On the other hand, company insiders are holding 20.72%. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cracker Barrel Old Country Store by 9.0% during the 2nd quarter. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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