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Cracker Barrel Downgraded to “Neutral” at SunTrust Robinson Humphrey (CBRL)

By Dividend.com,  August 30, 2011, 08:49:27 AM EDT

Restaurant operator Cracker Barrel Old Country Store, Inc. ( CBRL ) on Tuesday caught a downgrade from analysts at SunTrust Robinson Humphrey.

The firm said it cut its rating on CBRL from "Buy" to "Neutral."

Cracker Barrel shares, which have fallen about 22% year-to-date, were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of Cracker Barrel ( CBRL ) have a 2.06% dividend yield, based on last night's closing stock price of $42.78. The stock has technical support in the $38 price area. If the shares can firm up, we see overhead resistance around the $44-$48 price levels.

Cracker Barrel Old Country Store, Inc. ( CBRL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CBRL



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