Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of “Reduce” by Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $59.86.

A number of equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Citigroup reduced their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Finally, StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, July 19th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. lifted its stake in shares of 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 buying an additional 400 shares during the last quarter. GAMMA Investing LLC bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth $32,000. CWM LLC lifted its holdings 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 in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $73,000. Finally, nVerses Capital LLC increased its position in Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,500 shares during the period. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $40.57 on Monday. Cracker Barrel Old Country Store has a 52-week low of $37.21 and a 52-week high of $86.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The business has a fifty day moving average of $42.38 and a two-hundred day moving average of $55.73. The stock has a market cap of $900.74 million, a PE ratio of 14.97, a PEG ratio of 1.15 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The business had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. During the same period in the prior year, the company earned $1.21 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that Cracker Barrel Old Country Store will post 3.82 earnings per share for the current fiscal year.

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.