Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded to Hold at StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Sunday.

Other research analysts have also issued research reports about the company. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 target price for the company in a research report on Monday, November 18th. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Loop Capital raised their price target on shares of 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, Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 9.0 %

CBRL traded down $4.06 during trading on Friday, hitting $41.23. The company had a trading volume of 952,660 shares, compared to its average volume of 731,766. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The company has a market cap of $917.74 million, a PE ratio of 22.78, a P/E/G ratio of 8.36 and a beta of 1.48. The business has a 50-day moving average of $55.05 and a 200-day moving average of $49.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. Public Employees Retirement System of Ohio increased its stake in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 247 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock worth $4,536,000 after purchasing an additional 321 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock valued at $666,000 after purchasing an additional 417 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares in the last quarter. 96.01% of the stock is 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.