Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Lowered to $45.00 at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price decreased by investment analysts at Loop Capital from $50.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price objective would suggest a potential upside of 8.25% from the stock’s previous close.

CBRL has been the topic of a number of other research reports. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. UBS Group lowered their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup cut their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Finally, Truist Financial lowered their price target on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Up 1.1 %

CBRL stock opened at $41.57 on Friday. 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 market capitalization of $922.94 million, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The business’s 50 day moving average price is $40.93 and its two-hundred day moving average price is $49.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

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

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in CBRL. Quadrant Capital Group LLC grew its position in Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 788 shares during the period. Norges Bank purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth $10,727,000. PNC Financial Services Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 18.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after acquiring an additional 582 shares during the period. Advisory Services Network LLC purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at $397,000. Finally, Connable Office Inc. bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $325,000. 96.01% of the stock is currently 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.