Truist Financial 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 boosted by equities research analysts at Truist Financial from $48.00 to $51.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. Truist Financial's price objective points to a potential downside of 10.38% from the company's previous close.

CBRL has been the subject of a number of other research reports. Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Argus raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target for the company in a research report on Monday, November 18th. UBS Group boosted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Loop Capital boosted their price target on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Finally, StockNews.com cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 1.1 %

NASDAQ CBRL traded down $0.66 on Thursday, reaching $56.91. The stock had a trading volume of 585,061 shares, compared to its average volume of 809,686. The business has a 50 day moving average price of $52.47 and a 200 day moving average price of $46.22. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $82.98. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.41 and a beta of 1.45.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Franklin Resources Inc. raised its holdings in Cracker Barrel Old Country Store by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock valued at $280,000 after acquiring an additional 1,498 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after acquiring an additional 247 shares in the last quarter. MML Investors Services LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $213,000. Finally, iSAM Funds UK Ltd acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $238,000. 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.