Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Lowered to $42.00 at UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price reduced by research analysts at UBS Group from $55.00 to $42.00 in a report released on Thursday. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price objective points to a potential upside of 1.06% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Truist Financial reduced their price target on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Bank of America reduced 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 research note on Wednesday, July 17th. StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Finally, Citigroup decreased their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.57.

Cracker Barrel Old Country Store Trading Down 1.8 %

NASDAQ:CBRL opened at $41.56 on Thursday. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $40.94 and a 200-day simple moving average of $50.34. The company has a market capitalization of $922.72 million, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth about $25,636,000. Norges Bank acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $10,727,000. Verition Fund Management LLC grew its holdings in Cracker Barrel Old Country Store by 423.9% in the fourth quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock valued at $6,308,000 after purchasing an additional 66,215 shares during the period. Armistice Capital LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $3,854,000. Finally, Miller Howard Investments Inc. NY acquired a new position in Cracker Barrel Old Country Store during the first quarter worth approximately $2,909,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

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.