Cracker Barrel Old Country Store (NASDAQ:CBRL) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a research note published on Thursday morning.

Several other research analysts also recently commented on the company. Benchmark raised Cracker Barrel Old Country Store to a hold rating in a research note on Monday, June 3rd. Bank of America reduced their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an underperform rating on the stock in a research note on Wednesday, July 17th. Citigroup dropped their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating on the stock in a research report on Friday, May 31st. Argus cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a hold rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $59.29.

Cracker Barrel Old Country Store Stock Down 2.1 %

Cracker Barrel Old Country Store stock opened at $37.33 on Thursday. Cracker Barrel Old Country Store has a twelve month low of $37.05 and a twelve month high of $83.51. The stock has a market cap of $828.80 million, a P/E ratio of 13.77, a P/E/G ratio of 1.03 and a beta of 1.43. The company’s 50-day moving average price is $41.14 and its two-hundred day moving average price is $52.06. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in Cracker Barrel Old Country Store during the second quarter worth about $279,000. B. Riley Wealth Advisors Inc. bought a new position in Cracker Barrel Old Country Store in the second quarter worth about $220,000. Creative Planning lifted its stake in shares of Cracker Barrel Old Country Store by 6.8% in the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock valued at $533,000 after purchasing an additional 804 shares during the period. The Manufacturers Life Insurance Company lifted its position in Cracker Barrel Old Country Store by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock valued at $480,000 after buying an additional 618 shares during the period. Finally, AQR Capital Management LLC raised its stake in Cracker Barrel Old Country Store by 57.1% during the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after buying an additional 22,658 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other 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.