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Cracker Barrel Shares Rise On Analyst Expectations

Stock quotes in this article: CBRL  

NEW YORK (AP) — Shares of Cracker Barrel Old Country Store Inc. climbed Tuesday after a SunTrust Robinson Humphrey analyst said the restaurant chain will likely best Wall Street's expectations when it reports its fiscal third-quarter financial results.

Shares rose $1.56, or 5.2 percent, to $31.37 in afternoon trading.

Analyst Christopher O'Cull said in a note to investors he expects the company to report better-than-expected same-store sales, or sales at locations open at least a year. He added the chain could beat analysts' average estimate for profit by five cents per share. ...

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