Cracker Barrel’s Price Target Lifted at Miller Tabak (CBRL)

Restaurant chain operator Cracker Barrel Old Country Store, Inc. (CBRL) on Wednesday caught some continued bullish sentiment from analysts at Miller Tabak.

The firm maintained its “Buy” rating on CBRL and raised its price target from $62 to $76. That new target suggests a 32% upside to the stock’s Tuesday closing price of $57.38.

Following CBRL’s better-than-expected earnings report on Tuesday, a Miller Tabak analyst commented, “Management, in our view, made more significant strides in making its cost structure more efficient.”

Cracker Barrel shares were unchanged in premarket trading Wednesday.

The Bottom Line
Shares of Cracker Barrel (CBRL) have a 2.79% dividend yield, based on last night’s closing stock price of $57.38. The stock has technical support in the $53-$55 price area. The shares are trading at all-time highs.

Cracker Barrel Old Country Store, Inc. (CBRL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here