Bank of America Lowers Estimates and PT on Cracker Barrel Old Country Store

According to a recent report, Bank of America is lowering EPS estimates from $4.08 to $3.85 and decreasing the price target from $61.00 to $55.00 on Cracker Barrel Old Country Store (NASDAQ: CBRL) after a 3Q earning's miss reported yesterday.

In the report, Bank of America said, "Cracker Barrel's 3Q earning's miss including softer than expected same store sales for both the restaurant and retail parts of the business along with somewhat higher than anticipated commodity costs."

Cracker Barrel closed yesterday at $46.48.