Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $59.29 Average PT from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average rating of “Reduce” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.29.

Several equities analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday. CL King cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Friday, May 17th. Bank of America decreased their target price on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Finally, StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday.

Cracker Barrel Old Country Store Stock Down 2.1 %

CBRL opened at $37.33 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The company has a market capitalization of $828.80 million, a PE ratio of 13.77, a P/E/G ratio of 1.03 and a beta of 1.42. The stock’s fifty day moving average is $41.14 and its 200-day moving average is $51.92. Cracker Barrel Old Country Store has a one year low of $37.05 and a one year high of $83.51.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its holdings in shares of Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after acquiring an additional 274 shares in the last quarter. ProShare Advisors LLC grew its stake in Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after purchasing an additional 306 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Cracker Barrel Old Country Store by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,743 shares of the restaurant operator’s stock valued at $2,236,000 after purchasing an additional 368 shares in the last quarter. Principal Financial Group Inc. increased its position in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after purchasing an additional 381 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds 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.