Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $55.00 Price Target at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective upped by analysts at Loop Capital from $45.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price target would indicate a potential upside of 7.93% from the stock’s current price.

A number of other equities research analysts also recently weighed in on CBRL. Piper Sandler raised their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group boosted their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.25.

Cracker Barrel Old Country Store Stock Down 6.9 %

NASDAQ:CBRL traded down $3.77 during trading hours on Thursday, hitting $50.96. 646,425 shares of the company traded hands, compared to its average volume of 736,118. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.13 billion, a PE ratio of 28.15, a PEG ratio of 1.58 and a beta of 1.45. The firm’s 50-day simple moving average is $48.16 and its 200-day simple moving average is $44.53.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the prior year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $25,636,000. Charles Schwab Investment Management Inc. raised its holdings in Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after acquiring an additional 111,892 shares during the period. Maverick Capital Ltd. bought a new stake in Cracker Barrel Old Country Store during the third quarter valued at about $4,498,000. Verition Fund Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after acquiring an additional 78,816 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $2,526,000. Institutional investors 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.