Argus Raises Price Target on Cracker Barrel (CBRL)

Argus Raises Price Target on Cracker Barrel (CBRL)

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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.

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

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