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

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

Several other brokerages have also recently weighed in on CBRL. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, November 18th. Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Loop Capital boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Finally, UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Trading Down 2.7 %

Shares of CBRL opened at $47.00 on Friday. The company’s fifty day moving average is $55.77 and its 200 day moving average is $48.86. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $74.21. The stock has a market capitalization of $1.05 billion, a PE ratio of 25.97, a P/E/G ratio of 8.36 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $56,000. Public Employees Retirement System of Ohio grew its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter worth about $79,000. Institutional investors 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.