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

StockNews.com upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Other equities analysts also recently issued reports about the company. Loop Capital cut their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a hold rating for the company in a research note on Monday, May 20th. CL King cut Cracker Barrel Old Country Store from a buy rating to a neutral rating and set a $90.00 target price on the stock. in a report on Friday, May 17th. Truist Financial lowered their target price on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a hold rating on the stock in a report on Friday, May 31st. Bank of America lowered their target price on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an underperform rating on the stock in a report on Wednesday, July 17th. Finally, Benchmark upgraded Cracker Barrel Old Country Store to a hold rating in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $59.86.

Cracker Barrel Old Country Store Stock Down 0.9 %

Cracker Barrel Old Country Store stock opened at $40.93 on Tuesday. Cracker Barrel Old Country Store has a fifty-two week low of $37.21 and a fifty-two week high of $84.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The company has a market capitalization of $908.73 million, a P/E ratio of 15.10, a PEG ratio of 1.15 and a beta of 1.43. The stock has a 50-day simple moving average of $41.75 and a 200-day simple moving average of $53.84.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.32. The business had revenue of $817.14 million during the quarter, compared to the consensus estimate of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts expect that Cracker Barrel Old Country Store will post 3.82 earnings per share for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its position in shares of Cracker Barrel Old Country Store by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after buying an additional 274 shares during the period. 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 worth $324,000 after buying an additional 306 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Cracker Barrel Old Country Store by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,743 shares of the restaurant operator’s stock valued at $2,236,000 after purchasing an additional 368 shares during the period. Principal Financial Group Inc. raised its position in Cracker Barrel Old Country Store by 0.3% in the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after purchasing an additional 381 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its position in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares during the period. 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.