Benchmark Reiterates “Hold” Rating for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “hold” rating reissued by stock analysts at Benchmark in a report released on Monday,Benzinga reports.

A number of other brokerages have also commented on CBRL. Bank of America raised their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Piper Sandler raised their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $55.00 in a research report on Monday. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Trading Up 6.9 %

Shares of CBRL stock traded up $2.95 during trading hours on Monday, reaching $45.77. 371,033 shares of the stock traded hands, compared to its average volume of 806,709. The business has a fifty day moving average price of $53.73 and a 200 day moving average price of $49.20. The firm has a market capitalization of $1.02 billion, a PE ratio of 25.46, a PEG ratio of 8.36 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its holdings in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 487 shares during the period. Smartleaf Asset Management LLC boosted its position in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 913 shares during the period. Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $79,000. 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.