StockNews.com Downgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to Sell

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

A number of other analysts also recently commented on the company. Argus upgraded 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. UBS Group upped 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 note on Thursday. Piper Sandler raised their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday. Loop Capital increased their target price 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. Finally, Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $57.25.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of Cracker Barrel Old Country Store stock traded down $0.85 during trading hours on Friday, reaching $50.21. 877,214 shares of the company's stock were exchanged, compared to its average volume of 738,892. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a fifty day moving average of $48.34 and a 200-day moving average of $44.59. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analysts' expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. Sell-side analysts forecast that Cracker Barrel Old Country Store will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator's stock worth $36,000 after buying an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the third quarter worth $45,000. GAMMA Investing LLC raised its holdings in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator's stock valued at $54,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Cracker Barrel Old Country Store by 22.4% during 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 during the last quarter. Hedge funds and other institutional investors 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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