Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to Hold at StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

CBRL has been the topic of several other reports. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. UBS Group boosted their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Loop Capital increased their price target on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Truist Financial increased their target price 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $47.33 on Friday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 10.38 and a beta of 1.48. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $74.54. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock’s 50 day moving average price is $56.09 and its two-hundred day moving average price is $48.67.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. Sterling Capital Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 487 shares in the last quarter. Smartleaf Asset Management LLC increased 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 during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio boosted its stake in shares of 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 worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. 96.01% of the stock is owned by hedge funds and other 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.