Cracker Barrel (CBRL) PT Lowered to $158 at Nomura/Instinet on 4Q Report; 'Sales Environment Harder...Downside Risks Possible Due to Hurricanes'

Nomura/Instinet lowered its price target on Cracker Barrel (NASDAQ: CBRL) to $158.00 (from $162.00) while maintaining a Neutral rating, following the company's fourth quarter earnings report.

Analyst Mark Kalinowski notes the company delivered fourth quarter earnings per share print above consensus projections, while offering revenue results and same store sales that missed expectations, as management cited more downside risks due to hurricanes.

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