Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to “Buy” at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by equities researchers at Truist Financial from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm currently has a $55.00 price target on the restaurant operator’s stock, up from their prior price target of $51.00. Truist Financial’s price target would suggest a potential upside of 28.44% from the company’s current price.

Several other analysts have also recently issued reports on CBRL. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 18th. UBS Group raised 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, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Piper Sandler raised their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Bank of America raised their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $42.82 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $74.21. The stock has a 50-day moving average price of $53.73 and a 200 day moving average price of $49.20. The stock has a market capitalization of $953.13 million, a P/E ratio of 23.66, a P/E/G ratio of 8.36 and a beta of 1.57.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of CBRL. Sterling Capital Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio lifted its stake in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $79,000. 96.01% of the stock is owned by institutional investors.

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.