Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Lowered to $45.00 at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price dropped by research analysts at Loop Capital from $50.00 to $45.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price target would suggest a potential upside of 9.46% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. UBS Group reduced their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Citigroup lowered their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, May 31st. Bank of America dropped their price objective on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Finally, Truist Financial decreased their target price 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. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.86.

Cracker Barrel Old Country Store Trading Down 1.1 %

NASDAQ CBRL opened at $41.11 on Friday. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The firm has a 50 day simple moving average of $40.95 and a 200-day simple moving average of $50.28. The firm has a market cap of $912.72 million, a price-to-earnings ratio of 15.17, a PEG ratio of 0.94 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.79 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock valued at $190,263,000 after purchasing an additional 6,804 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store by 0.4% in the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after buying an additional 7,587 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth about $25,636,000. Norges Bank purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $10,727,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after buying an additional 381 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.