Markets

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

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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

CBRL

Other Topics

Stocks

Latest Markets Videos