UBS Group Cuts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $42.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price cut by analysts at UBS Group from $55.00 to $42.00 in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would suggest a potential upside of 1.06% from the stock’s previous close.

Several other research firms also recently weighed in on CBRL. Citigroup reduced their target price on 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. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Bank of America decreased their price objective 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. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.57.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $41.56 on Thursday. The firm’s 50-day moving average price is $40.94 and its 200-day moving average price is $50.34. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $922.72 million, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in Cracker Barrel Old Country Store by 106.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 788 shares during the period. Norges Bank acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $10,727,000. PNC Financial Services Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 18.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after buying an additional 582 shares in the last quarter. WBI Investments LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $1,007,000. Finally, Advisory Services Network LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $397,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.