Restaurant and retail store operator Cracker Barrel Old Country
Store, Inc. (
) on Friday saw its shares downgraded by analysts at Morgan
The firm said it cut its rating on CBRL from "Outperform" to
"Market Perform," noting the company is seeing a sales slowdown.
CBRL is also at risk because of rising commodity costs, noted the
Cracker Barrel shares fell 67 cents, or -1.5%, in premarket
The Bottom Line
Shares of Cracker Barrel (
) have a 1.98% dividend yield, based on last night's closing stock
price of $44.44. The stock has technical support in the $40 price
area. If the shares can firm up, we see overhead resistance around
the $48 price level.
Cracker Barrel Old Country Store, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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