Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Price Target at $57.63

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been assigned a consensus rating of "Reduce" from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $57.63.

Several equities analysts have recently issued reports on CBRL shares. Argus raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price objective for the company in a report on Monday, November 18th. Truist Financial boosted their price target 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 raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, December 5th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday.

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Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL traded down $4.06 on Friday, reaching $41.23. 489,544 shares of the company's stock traded hands, compared to its average volume of 718,369. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $74.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a market cap of $917.74 million, a price-to-earnings ratio of 22.81, a P/E/G ratio of 8.36 and a beta of 1.48. The stock has a 50 day moving average price of $55.05 and a 200-day moving average price of $49.18.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth about $2,526,000. Cibc World Market Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $11,711,000. Good Life Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $404,000. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after purchasing an additional 111,892 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in Cracker Barrel Old Country Store in the 4th quarter valued at $256,000. Institutional investors and hedge funds own 96.01% of the company's stock.

About Cracker Barrel Old Country Store

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.