Loop Capital Has Lowered Expectations for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price cut by investment analysts at Loop Capital from $55.00 to $50.00 in a report released on Friday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price target suggests a potential upside of 16.77% from the stock’s current price.

Several other brokerages also recently commented on CBRL. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Bank of America lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial lifted their price objective on 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, Piper Sandler lifted their price objective on 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.63.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL opened at $42.82 on Friday. The company has a market cap of $953.13 million, a P/E ratio of 23.66, a PEG ratio of 8.36 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $74.21. The business’s 50-day simple moving average is $53.73 and its 200 day simple moving average is $49.15.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its position in Cracker Barrel Old Country Store by 151.9% during the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after purchasing an additional 462,542 shares during the period. Towle & Co. acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $13,575,000. Cibc World Market Inc. acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $11,711,000. Charles Schwab Investment Management Inc. boosted its position in Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $4,498,000. 96.01% of the stock is currently owned by 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.