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

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

Several other analysts have also commented on the company. Bank of America dropped their target price on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, May 16th. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Citigroup cut their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Finally, CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.14.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $42.14 on Thursday. The company has a 50 day moving average price of $46.70 and a 200 day moving average price of $61.86. The firm has a market capitalization of $935.51 million, a P/E ratio of 15.55, a PEG ratio of 0.84 and a beta of 1.43. 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 52 week low of $38.49 and a 52 week high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. The company had revenue of $817.14 million during the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. Sell-side analysts expect that Cracker Barrel Old Country Store will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock valued at $176,257,000 after buying an additional 12,128 shares during the period. Arden Trust Co acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $837,000. North Star Investment Management Corp. boosted its stake in Cracker Barrel Old Country Store by 27.1% during the fourth quarter. North Star Investment Management Corp. now owns 11,500 shares of the restaurant operator’s stock worth $886,000 after buying an additional 2,450 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Cracker Barrel Old Country Store by 73.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,375 shares of the restaurant operator’s stock valued at $2,341,000 after acquiring an additional 12,832 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock worth $1,477,000 after acquiring an additional 1,098 shares during the last quarter. Institutional investors and hedge funds 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.