Truist Financial Boosts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $44.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price upped by equities researchers at Truist Financial from $42.00 to $44.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price objective suggests a potential upside of 6.20% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday. Bank of America decreased their target price on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Finally, Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.14.

Cracker Barrel Old Country Store Trading Up 0.8 %

Shares of NASDAQ:CBRL traded up $0.32 during trading on Friday, reaching $41.43. 309,276 shares of the company were exchanged, compared to its average volume of 752,659. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The firm has a market capitalization of $919.83 million, a PE ratio of 15.29, a P/E/G ratio of 0.94 and a beta of 1.42. The business’s fifty day simple moving average is $40.95 and its 200-day simple moving average is $50.28. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly 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). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the prior year, the business posted $1.79 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Cracker Barrel Old Country Store will post 3.83 EPS for the current year.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its position in Cracker Barrel Old Country Store by 106.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 788 shares during the period. Norges Bank acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $10,727,000. PNC Financial Services Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 18.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 582 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $397,000. Finally, Connable Office Inc. acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $325,000. 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.