Argus Raises Price Target on Cracker Barrel (CBRL)
Argus reported on Tuesday that it has increased its price target on restaurant and store chain, Cracker Barrel Old Country Store, Inc.(CBRL).
The firm has maintained a “Buy” rating on CBRL, and has raised the company’s price target from $78 to $88. This price target suggests a 12.5% increase from the stock’s current price of $76.99.
Cracker Barrel shares were mostly flat during Tuesday morning trading. The stock has increased 40% in the past year.
The Bottom Line
Shares of Cracker Barrel Old Country Store, Inc.(CBRL) have a 2.60% yield, based on Tuesday morning’s price of $76.90.
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.
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