KeyBanc Starts Cracker Barrel (CBRL) at Buy; Underestimating Upside
Get Alerts CBRL Hot Sheet
Price: $67.41 +7.48%
Rating Summary:
7 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 13 | New: 42
Rating Summary:
7 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 13 | New: 42
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KeyBanc initiates coverage on Cracker Barrel (NASDAQ: CBRL) with a Buy. PT $75.00.
Analyst, Christopher O'Cull, said, "We believe estimates and valuation underestimate CBRL's ability to drive upside to its 12-15% EPS growth target during the next few years. Visible top-line drivers, tight cost controls and significant capital deployment opportunities should lead to results ahead of the Street's $4.64 EPS estimate for FY13. Moreover, nervous sentiment toward the activist shareholder, Biglari Holdings, creates a buying opportunity."
For an analyst ratings summary and ratings history on Cracker Barrel click here. For more ratings news on Cracker Barrel click here.
Shares of Cracker Barrel closed at $62.08 yesterday.
Analyst, Christopher O'Cull, said, "We believe estimates and valuation underestimate CBRL's ability to drive upside to its 12-15% EPS growth target during the next few years. Visible top-line drivers, tight cost controls and significant capital deployment opportunities should lead to results ahead of the Street's $4.64 EPS estimate for FY13. Moreover, nervous sentiment toward the activist shareholder, Biglari Holdings, creates a buying opportunity."
For an analyst ratings summary and ratings history on Cracker Barrel click here. For more ratings news on Cracker Barrel click here.
Shares of Cracker Barrel closed at $62.08 yesterday.
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