Morgan Keegan Raises EPS Guidance on Cracker Barrel

According to a research report published today, Morgan Keegan has increased Cracker Barrel Old Country Store's (NASDAQ: CRBL) EPS guidance to $4.20-4.35.

“Reports Q2 adjusted EPS of $1.20 vs. our $1.18, Street $1.14 reflecting better than projected revenue ($673.2mil. vs. MK $663.5mil.) and adjusted operating margin (7.5% vs. MK 7.4%). On a reported basis (including proxy contest costs) EPS was $1.10,” Morgan Keegan said in the report.

Morgan Keegan maintains its Outperform rating and $58 PT on Cracker Barrel, which is currently trading at $56.62.