Best Income Companies To Buy For 2016

Best Income Companies To Buy For 2016: Cracker Barrel Old Country Store Inc.(CBRL)

Cracker Barrel Old Country Store, Inc., through its subsidiaries, engages in the development and operation of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Its restaurants provide breakfast, lunch, and dinner. The company?s gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, apparel, toys, music CD?s, cookware, old-fashioned-looking ceramics, figurines, a book-on-audio sale-and-exchange program, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items. As of November 22, 2011, it operated 608 company-owned locations in 42 states. The company was formerly known as CBRL Group, Inc. and changed its name to Cracker Barrel Old Country Store, Inc. in December 2008. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee.

Advisors' Opinion:

• [By Roberto Pedone]

   

  Another potential earnings short-squeeze candidate is full-service restaurant operator Cracker Barrel Old Country Store (CBRL), which is set to release numbers on Wednesday before the market open. Wall Street analysts, on average, expect Cracker Barrel Old Country Store to report revenue of $685.91 million on earnings of $1.56 per share.

   

  The current short interest as a percentage of the float for Cracker Barrel Old Country Store is notable at 7.9%. That means that out of the 18.08 million shares in the tradable float, 1.43 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 5.5%, or by 74,000 shares. If the bears get caught pressing their bets into a bullish quarter, then shares of CBRL could easily spike sharply ! higher post-earnings as the shorts move to cover some of their positions.

   

  From a technical perspective, CBRL is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $96.01 to its recent high of $104.52 a share. During that uptrend, shares of CBRL have been consistently making higher lows and higher highs, which is bullish technical price action. That strong uptrend has now pushed shares of CBRL within range of triggering a big breakout trade post-earnings.

   

  If you're bullish on CBRL, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some key overhead resistance levels at $104.52 to $110.84 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 151,062 shares. If that breakout starts post-earnings, then CBRL will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $118.63 a share. Any hig

• [By Laura Brodbeck]

  Wednesday

  Earnings Expected: Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), FedEx Corporation (NYSE: FDX), Lennar Corporation (NYSE: LEN), United Natural Foods, Inc. (NASDAQ: UNFI) Economic Releases Expected: British unemployment rate, Eurozone CPI, U.S. CPI, U.S. current account, Japanese trade balance

  Thursday

• [By Peter Graham]

  The Q4 2014 earnings report for restaurant stock Bob Evans Farms Inc (NASDAQ: BOBE), a potential peer of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), Denny's Corporation (NASDAQ: DENN) and DineEquity Inc (NYSE: DIN), is scheduled for after the market closes on Tuesday. Aside from the Bob Evans Farms report, it should be said that Cracker Barrel Old Country Store, Inc reported Q3 2014 earnings on May 28th (revenues and profit rose on!  lower e! xpenses); Denny's Corporation reported Q1 2014 earnings on April 28th (they had their strongest quarter of same-store sales at company restaurants in over seven years); and DineEquity Inc reported Q1 2014 on May 1st (earnings rose on stronger sales). However, Bob Evans Farms recently replaced three board members with new independent directors after facing criticism from shareholder Sandell Asset Management Corp.

source from Top Stocks For 2015:http://www.topstocksblog.com/best-income-companies-to-buy-for-2016.html