Market Overview

UPDATE: Argus Downgrades Cracker Barrel

Related CBRL
UPDATE: Cracker Barrel Posts Better-Than-Expected Q4 Earnings
Earnings Scheduled For September 17, 2014

In a note released Wednesday, Argus analysts downgraded shares of ,b>Cracker Barrel Old Country Store (NASDAQ: CBRL) from Buy to Hold and removed the $120 price target.

Despite a positive view on Cracker Barrel's theme, location and brand, the team at Argus cautioned that the company is in a slow growing and highly competitive segment.

In terms of share price, the team views the current valuation in the area of $100 as a fair representation of the company's position.

Looking forward, the Argus analysts have reduced their EPS estimates for fiscal 2014 and 2015 from $5.80 and $6.40 to $5.60 and $6.30, respectively.

Following the downgrade, shares of Cracker Barrel are trading down less than two percent.

Latest Ratings for CBRL

DateFirmActionFromTo
Jun 2014Argus ResearchDowngradesBuyHold
May 2014Raymond JamesUpgradesUnderperformMarket Perform
Mar 2014Longbow ResearchInitiates Coverage onNeutral

View More Analyst Ratings for CBRL
View the Latest Analyst Ratings

Posted-In: Argus ResearchAnalyst Color News Downgrades Price Target Analyst Ratings

 

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