Loop Capital Lowers Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $50.00

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price target reduced by research analysts at Loop Capital from $55.00 to $50.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the restaurant operator's stock. Loop Capital's price objective points to a potential upside of 16.72% from the company's current price.

A number of other research firms have also recently issued reports on CBRL. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. UBS Group boosted their price objective 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. Truist Financial raised their price objective on shares of 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. Finally, Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target 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 issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and a consensus price target of $57.00.

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Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock traded down $0.50 during midday trading on Friday, reaching $42.84. The company's stock had a trading volume of 1,169,043 shares, compared to its average volume of 801,836. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a market cap of $953.55 million, a PE ratio of 23.67, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $74.21. The business has a 50-day moving average price of $54.00 and a 200-day moving average price of $49.08.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its holdings in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after buying an additional 247 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock worth $4,536,000 after acquiring an additional 321 shares during the last quarter. Captrust Financial Advisors lifted its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cracker Barrel Old Country Store by 3.4% in 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 acquiring an additional 417 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in 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 buying an additional 487 shares during the period. 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.

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