Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $59.29 Average Target Price from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $59.29.

A number of research firms recently commented on CBRL. Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Loop Capital cut their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 20th. 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. Truist Financial cut 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 report on Thursday, September 5th. Finally, CL King lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, May 17th.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the period. CWM LLC increased its holdings in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at about $73,000. Security National Bank acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $81,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Cracker Barrel Old Country Store by 85.2% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock worth $91,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $36.63 on Friday. 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 has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The stock has a fifty day moving average of $40.84 and a two-hundred day moving average of $51.23. The company has a market capitalization of $813.26 million, a price-to-earnings ratio of 13.52, a PEG ratio of 0.96 and a beta of 1.42.

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.