Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $164.00 on Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.55 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) stands at 19.65.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cracker Barrel Old Country Stor, the PEG ratio for coming 3-5 years is 2.13.
The technical analysis highlights that Cracker Barrel Old Country Stor current is trading $-5.64 points away or -3.58% from its 50-day moving average of $157.30. Further it is trading $-3.91 or -2.52% away its 200-day moving average of $155.57.
The 52-week high of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was $172.89 while lowest point recorded in 52-week was $118.01. It implies if stock price makes a movement of over $-21.23, it will record a new 52-week high. In the case of +28.51% drop, it will touch a new 52-week low.
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