Citigroup Issues Positive Forecast for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price target raised by analysts at Citigroup from $38.00 to $39.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the restaurant operator's stock. Citigroup's target price points to a potential downside of 8.92% from the stock's current price.

Several other research firms have also recently issued reports on CBRL. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Truist Financial increased their target price on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Finally, Argus raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $56.63.

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Cracker Barrel Old Country Store Trading Down 1.2 %

Shares of CBRL traded down $0.52 during midday trading on Friday, hitting $42.82. The stock had a trading volume of 1,800,533 shares, compared to its average volume of 816,024. The firm has a market cap of $953.13 million, a PE ratio of 23.66, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $74.21. The stock's 50 day moving average is $54.00 and its 200 day moving average is $49.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently made changes to their positions in CBRL. Vanguard Group Inc. lifted its stake in Cracker Barrel Old Country Store by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after purchasing an additional 13,305 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Marshall Wace LLP raised its holdings in Cracker Barrel Old Country Store by 151.9% during the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock worth $40,544,000 after buying an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock valued at $34,271,000 after buying an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after buying an additional 50,905 shares during the period. 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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