KeyBanc Upgrades CBRL Group (CBRL) to Hold
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KeyBanc upgrades CBRL Group (Nasdaq: CBRL) from Underweight to Hold.
KeyBanc analyst says, "Upgrading CBRL from to HOLD Based on Valuation: Given that shares have reached our previous price target of $14, we believe that additional downside from these levels is limited...As we believe that holiday travel for the Thanksgiving and Christmas holiday seasons will decline year-over-year in 2008 and that continued consumer uncertainty related to rising unemployment and a slowing economy will offset the positive impact of the "Best of the Barrel" menu and advertising initiatives, we maintain our FY09 diluted EPS estimate of $2.55."
CBRL Group, Inc. is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept (Cracker Barrel).
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craker barrel
gfilippell on Nov 20, 2008 10:21 AMI eat out a lot, and frequent times at craker barrel. Most other eataries are quite empty these days, but not craker barrel, as a matter of fact, most of the times I have to wait in line before I can get seated. So I guess they are still busey as usual.The bad economy is having very little effect on them.