KeyBanc Starts Cracker Barrel (CBRL) at Buy; Underestimating Upside

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July 12, 2012 4:30 PM EDT
Get Alerts CBRL Hot Sheet
Price: $57.27 +3.88%

Rating Summary:
    7 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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KeyBanc initiates coverage on Cracker Barrel (NASDAQ: CBRL) with a Buy. PT $75.00.

Analyst, Christopher O'Cull, said, "We believe estimates and valuation underestimate CBRL's ability to drive upside to its 12-15% EPS growth target during the next few years. Visible top-line drivers, tight cost controls and significant capital deployment opportunities should lead to results ahead of the Street's $4.64 EPS estimate for FY13. Moreover, nervous sentiment toward the activist shareholder, Biglari Holdings, creates a buying opportunity."

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 $62.08 yesterday.

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