Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Expected to Rise, Piper Sandler Analyst Says

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price increased by analysts at Piper Sandler from $44.00 to $46.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective would suggest a potential downside of 2.58% from the company’s current price.

Several other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Loop Capital dropped their price objective 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, September 20th. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, November 15th. Finally, UBS Group decreased their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $47.22 on Monday. The company has a market capitalization of $1.05 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The company’s fifty day moving average price is $45.62 and its 200 day moving average price is $44.67.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced 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 firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. As a group, analysts expect that Cracker Barrel Old Country Store will post 2.97 earnings per share for the current year.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $213,000. iSAM Funds UK Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $238,000. Point72 DIFC Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $264,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $2,526,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.