Cracker Barrel Old Country Store (NASDAQ:CBRL – Free Report) had its target price trimmed by UBS Group from $55.00 to $42.00 in a report released on Thursday. The firm currently has a neutral rating on the restaurant operator’s stock.
A number of other research firms have also recently commented on CBRL. Bank of America decreased their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an underperform rating on the stock in a research note on Wednesday, July 17th. Citigroup decreased their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating on the stock in a research note on Friday, May 31st. StockNews.com cut Cracker Barrel Old Country Store from a hold rating to a sell rating in a research note on Thursday, September 5th. Argus cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Benchmark upgraded Cracker Barrel Old Country Store to a hold rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $54.57.
Read Our Latest Stock Analysis on CBRL
Cracker Barrel Old Country Store Trading Down 1.1 %
Institutional Trading of Cracker Barrel Old Country Store
Several hedge funds have recently modified their holdings of CBRL. Marshall Wace LLP acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at $25,636,000. Norges Bank purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $10,727,000. Verition Fund Management LLC increased its holdings in Cracker Barrel Old Country Store by 423.9% in the fourth quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock valued at $6,308,000 after buying an additional 66,215 shares during the last quarter. Armistice Capital LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $3,854,000. Finally, Miller Howard Investments Inc. NY purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at $2,909,000. 96.01% of the stock is currently 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.
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