Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $44.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target upped by Truist Financial from $42.00 to $44.00 in a report released on Friday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price objective would indicate a potential upside of 5.85% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Finally, Bank of America dropped their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $41.57 on Friday. The firm has a market cap of $922.94 million, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The firm’s 50-day simple moving average is $40.93 and its 200-day simple moving average is $49.97. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month 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.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released 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 company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. As a group, research analysts expect that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of 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 worth $25,000 after purchasing 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 worth $36,000 after buying an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at approximately $73,000. Security National Bank bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $81,000. Finally, GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 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.