Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Lowered to $42.00 at UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target decreased by equities researchers at UBS Group from $55.00 to $42.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target suggests a potential upside of 1.03% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Bank of America dropped their target price on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $41.57 on Thursday. The business has a 50-day simple moving average of $40.95 and a 200 day simple moving average of $50.28. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The stock 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. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its holdings in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. CWM LLC raised its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,051 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth about $73,000. Finally, nVerses Capital LLC grew its stake in shares of Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. 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.