StockNews.com Downgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to Sell

Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other research firms have also commented on CBRL. Loop Capital raised their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, November 18th. Piper Sandler raised their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, UBS Group lifted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Stock Down 1.7 %

CBRL stock opened at $50.21 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.45. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month 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 has a fifty day moving average price of $48.34 and a 200 day moving average price of $44.57.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the previous year, the company earned $1.79 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Cracker Barrel Old Country Store will post 2.9 earnings per share for the current year.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently made changes to their positions in CBRL. Hazlett Burt & Watson Inc. grew its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares in the last quarter. CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $45,000. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after buying an additional 1,051 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Cracker Barrel Old Country Store by 22.4% in 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 during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.