Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to “Hold” at StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently commented on CBRL. Bank of America increased their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday. Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Friday. Loop Capital lowered their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday. UBS Group reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Citigroup lowered their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock traded up $0.46 during mid-day trading on Friday, reaching $41.57. 1,436,262 shares of the stock were exchanged, compared to its average volume of 758,856. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The company has a market cap of $922.94 million, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The firm has a 50-day simple moving average of $40.95 and a 200 day simple moving average of $50.28. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CBRL. Pinebridge Investments L.P. increased its holdings in Cracker Barrel Old Country Store by 63.7% in the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after purchasing an additional 6,925 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth about $73,000. Duality Advisers LP increased its stake in shares of Cracker Barrel Old Country Store by 196.5% in the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after acquiring an additional 33,751 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Cracker Barrel Old Country Store by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 306 shares during the period. Finally, Miller Howard Investments Inc. NY bought a new position in Cracker Barrel Old Country Store during the 1st quarter worth approximately $2,909,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.