Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Rating Upgraded by StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other equities analysts have also recently issued research reports about the stock. Loop Capital lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Piper Sandler lifted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Argus raised 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. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $45.29 on Friday. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $74.21. The company’s 50 day moving average price is $55.05 and its two-hundred day moving average price is $49.10. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.01 billion, a P/E ratio of 25.02, a P/E/G ratio of 8.36 and a beta of 1.48.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC grew its stake in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 487 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $56,000. Public Employees Retirement System of Ohio grew its stake in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $79,000. 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.