Market Overview

UPDATE: Argus Downgrades Cracker Barrel

Share:

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
Dec 2020Telsey Advisory GroupUpgradesMarket PerformOutperform
Sep 2020Truist SecuritiesMaintainsBuy
Sep 2020Wells FargoMaintainsEqual-Weight

View More Analyst Ratings for CBRL
View the Latest Analyst Ratings

 

Related Articles (CBRL)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
PDCredit SuisseMaintains34.0
DOCUDeutsche BankMaintains235.0
KNXEvercore ISI GroupInitiates Coverage On42.0
DOCUCitigroupMaintains282.0
DOCUJMP SecuritiesMaintains276.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com