The firm said it lowered its rating on the restaurant and general store chain based on slow growth within the industry, an increase in competition, and rising commodity costs.
Separately, TheStreet Ratings team rates CRACKER BARREL OLD CTRY STOR as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CRACKER BARREL OLD CTRY STOR (CBRL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."