Cracker Barrel Old Country Store (NASDAQ:CBRL) Rating Increased to Hold at StockNews.com

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

Several other research firms have also weighed in on CBRL. Bank of America boosted their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday. Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Friday. Finally, UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $41.57 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51. The stock has a market capitalization of $922.94 million, a P/E ratio of 15.34, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a 50 day moving average of $40.93 and a 200-day moving average of $49.97.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The business had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period last year, the business posted $1.79 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund Corp increased its stake in shares of Cracker Barrel Old Country Store by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after purchasing an additional 274 shares during the period. ProShare Advisors LLC increased its position in Cracker Barrel Old Country Store by 7.4% during 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. Principal Financial Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after buying an additional 381 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of 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 acquiring an additional 400 shares during the period. Finally, CWM LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares in the last quarter. 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.