Maxim Group Remains a Buy on Cracker Barrel (CBRL)

By Carrie Williams

In a report issued on September 13, Stephen Anderson from Maxim Group maintained a Buy rating on Cracker Barrel (CBRLResearch Report), with a price target of $195. The company’s shares closed last Monday at $164.29.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 6.0% and a 58.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cracker Barrel with a $195 average price target.

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The company has a one-year high of $185 and a one-year low of $141.63. Currently, Cracker Barrel has an average volume of 357.9K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBRL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.