Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 3.8%

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were up 3.8% during mid-day trading on Monday . The stock traded as high as $40.72 and last traded at $40.72. Approximately 25,806 shares were traded during trading, a decline of 97% from the average daily volume of 739,396 shares. The stock had previously closed at $39.22.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRL. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Truist Financial reduced their price objective on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Citigroup decreased 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 research note on Friday, May 31st. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.29.

Cracker Barrel Old Country Store Price Performance

The company has a market cap of $944.70 million, a price-to-earnings ratio of 15.81, a PEG ratio of 0.94 and a beta of 1.42. The company has a 50-day simple moving average of $40.91 and a 200-day simple moving average of $50.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at about $279,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $220,000. Creative Planning lifted its stake in shares of Cracker Barrel Old Country Store by 6.8% during the second quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 804 shares during the period. The Manufacturers Life Insurance Company boosted its position in Cracker Barrel Old Country Store by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock worth $480,000 after acquiring an additional 618 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Cracker Barrel Old Country Store by 57.1% in the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock worth $2,624,000 after acquiring an additional 22,658 shares during the period. 96.01% of the stock is 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.