Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to “Hold” at StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other equities research analysts have also recently issued research reports about the company. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Piper Sandler upped their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Down 9.0 %

Cracker Barrel Old Country Store stock opened at $41.23 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $917.74 million, a PE ratio of 22.78, a PEG ratio of 8.36 and a beta of 1.48. The firm’s fifty day moving average is $55.05 and its 200 day moving average is $49.18. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $74.21.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently modified their holdings of CBRL. Sterling Capital Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after buying an additional 487 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $56,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after buying an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. Institutional investors own 96.01% of the company’s stock.

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.