Cracker Barrel Old Country Store (NASDAQ:CBRL) Downgraded by StockNews.com

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

Several other equities analysts have also recently weighed in on CBRL. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. CL King downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, May 17th. Bank of America cut their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Truist Financial lowered their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Citigroup cut their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, May 31st. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average target price of $59.29.

Cracker Barrel Old Country Store Stock Down 2.1 %

Shares of Cracker Barrel Old Country Store stock opened at $37.33 on Thursday. Cracker Barrel Old Country Store has a twelve month low of $37.05 and a twelve month high of $83.51. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $41.14 and its 200 day moving average is $52.20. The company has a market cap of $828.80 million, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock valued at $190,263,000 after purchasing an additional 6,804 shares during the last quarter. Earnest Partners LLC boosted its stake in Cracker Barrel Old Country Store by 0.4% during the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after buying an additional 7,587 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cracker Barrel Old Country Store by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,922 shares of the restaurant operator’s stock valued at $55,337,000 after buying an additional 25,354 shares in the last quarter. Marshall Wace LLP bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $25,636,000. Finally, Norges Bank purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $10,727,000. 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.