Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Rating Upgraded by StockNews.com

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

CBRL has been the topic of several other research reports. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Loop Capital dropped their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday. Bank of America lifted their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday. Finally, Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $41.57 on Friday. The company has a market cap of $922.94 million, a price-to-earnings ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42. 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 debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The stock has a fifty day moving average price of $40.93 and a 200-day moving average price of $49.97.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data 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). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. During the same period in the prior year, the company earned $1.79 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in Cracker Barrel Old Country Store by 106.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock worth $118,000 after buying an additional 788 shares during the period. Norges Bank bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $10,727,000. PNC Financial Services Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 18.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 582 shares during the period. Advisory Services Network LLC bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth $397,000. Finally, Connable Office Inc. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $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.