Longbow Research Downgrades Cracker Barrel (CBRL) to Neutral Citing Risks To Comps Growth

Longbow Research downgraded Cracker Barrel (NASDAQ: CBRL) from Buy to Neutral.

Analyst Alton Stump sees risks to comp growth following the Q1 report in which the company reported comp restaurant sales growth of 0.2% and traffic declines of 1.8% and lowered FY 2018 comp restaurant sales growth guidance to 2.0-3.0% (down from 2.5-3.5%).

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 $150.79 yesterday.

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