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

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

Other equities analysts have also issued research reports about the stock. Piper Sandler upped their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, November 18th. Finally, Bank of America raised their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.25.

Cracker Barrel Old Country Store Stock Performance

CBRL stock traded down $0.85 during midday trading on Friday, reaching $50.21. The company had a trading volume of 877,214 shares, compared to its average volume of 738,892. The firm has a market capitalization of $1.11 billion, a PE ratio of 27.74, a P/E/G ratio of 1.58 and a beta of 1.45. The stock has a 50 day moving average price of $48.34 and a 200 day moving average price of $44.59. 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 quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company 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 return on equity of 18.58% and a net margin of 1.15%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. Analysts anticipate that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Cracker Barrel Old Country Store by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator’s stock valued at $948,000 after acquiring an additional 805 shares during the last quarter. Comerica Bank lifted its holdings in shares of Cracker Barrel Old Country Store by 49.6% during the first quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after purchasing an additional 4,263 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. CWM LLC increased its stake in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $187,000. Institutional investors own 96.01% of the company’s stock.

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.