Cracker Barrel Old Country Store Inc CBRL:NASDAQ

Last Price$110.32Cboe Real-Time Last Sale as of 11:32AM ET 1/31/23
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change+1.26(1.16%)
Bid (Size)$110.07 (5)
Ask (Size)$110.28 (20)
Day Low / High$109.37 - 110.43
Volume58.1 K

Deutsche Bank Adjusts Cracker Barrel Old Country Store's Price Target to $100 From $106, Maintains Hold Rating

8:50AM ET 12/05/2022 MT Newswires
Deutsche Bank lowered its price target on Cracker Barrel Old Country Store (CBRL) to $100 from $106 following the company's reported Q1 earnings, which resulted in a share price drop of more than 12% on Friday.

Q1 revenue was about in-line with consensus estimates and with guidance. The company expects Q2/23 adjusted operating margins to be "down meaningfully" year-over-year, compared to the pre-print consensus of approximately flattish to down only slightly. The fiscal 2023 operating margin is expected to be 4.75% at the mid-point, which also compares unfavorably to the pre-print consensus of 5.1%.

Cracker Barrel Old Country Store (CBRL) has an average rating of Underperform and price targets ranging from $86 to $102, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 99.68, Change: +0.81, Percent Change: +0.82