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

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective increased by research analysts at Truist Financial from $48.00 to $51.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price suggests a potential downside of 6.82% from the company’s current price.

Several other equities analysts also recently commented on the company. UBS Group raised their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Piper Sandler raised their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Bank of America raised their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Loop Capital raised their price target on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.63.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $54.73 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The company has a market capitalization of $1.22 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $82.98. The business has a 50 day simple moving average of $52.79 and a 200 day simple moving average of $46.39.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $45,000. Public Employees Retirement System of Ohio grew its stake 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 during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $79,000. nVerses Capital LLC grew its stake in shares of Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 500 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 1,394 shares during the period. 96.01% of the stock is 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.