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

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target hoisted by equities researchers at Citigroup from $38.00 to $39.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential downside of 8.92% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, January 16th. UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Argus raised 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 report on Monday, November 18th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Piper Sandler increased their price target on shares of 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.63.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $42.82 on Friday. The stock has a fifty day moving average price of $53.73 and a 200 day moving average price of $49.15. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21. 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 cap of $953.13 million, a PE ratio of 23.66, a P/E/G ratio of 8.36 and a beta of 1.48.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of CBRL. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd 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 last quarter. Advisors Asset Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after acquiring an additional 321 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cracker Barrel Old Country Store by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after acquiring an additional 417 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake 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 acquiring an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.