Cracker Barrel Old Country Store (NASDAQ:CBRL) Rating Lowered to “Sell” at StockNews.com

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

A number of other brokerages have also weighed in on CBRL. Loop Capital upped 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 upped 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 report on Thursday, December 5th. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 18th. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Finally, Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Down 2.7 %

Shares of CBRL stock opened at $47.00 on Friday. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $74.21. The stock has a market cap of $1.05 billion, a P/E ratio of 25.97, a P/E/G ratio of 8.36 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The company has a 50 day simple moving average of $55.77 and a two-hundred day simple moving average of $48.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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. bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $56,000. Public Employees Retirement System of Ohio boosted its holdings 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 valued at $61,000 after buying an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $79,000. 96.01% of the stock is currently owned by 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.