Argus Downgrades Cracker Barrel Old Country Store to Hold

Brokerage firm Argus Downgrades its rating on Cracker Barrel Old Country Store(CBRL). The shares have been rated Hold. The rating by the stock financial advisor at Argus was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Cracker Barrel Old Country Store (CBRL) made into the market gainers list on Fridays trading session with the shares advancing 0.20% or 0.32 points. Due to strong positive momentum, the stock ended at $156.49, which is also near the day’s high of $157.62. The stock began the session at $156.62 and the volume stood at 1,85,045 shares. The 52-week high of the shares is $175.04 and the 52 week low is $130.15. The company has a current market capitalization of $3,762 M and it has 2,40,42,573 shares in outstanding.

Cracker Barrel Old Country Store(CBRL) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $772.682M. Analysts had an estimated revenue of $783.760M. Earnings per share were $2.19. Analysts had estimated an EPS of $2.14.

Several Insider Transactions has been reported to the SEC. On Nov 28, 2016, Jeffrey M Wilson (VP & PAO) sold 360 shares at $165.20 per share price.Also, On Nov 28, 2016, Nicholas V Flanagan (Sr. VP Restaurant & Retail Ops) sold 10,000 shares at $164.05 per share price.On Nov 28, 2016, Sandra B Cochran (President & COO) sold 30,000 shares at $164.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Cracker Barrel Old Country Store Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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. Its restaurants offer home-style country cooking featuring its own recipes. Its breakfast items include juices eggs pancakes fruit and yogurt parfaits grits and a range of biscuit specialties such as gravy and biscuits and country ham and biscuits. Its lunch and dinner items include country ham chicken and dumplings chicken fried chicken meatloaf roast beef vegetable plates a range of salads sandwiches soups fresh side items and specialty items among others.

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