Cracker Barrel Old Country Store (NASDAQ:CBRL) Receives “Neutral” Rating from UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “neutral” rating restated by analysts at UBS Group in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $60.00 price objective on the restaurant operator’s stock, up from their previous price objective of $48.00. UBS Group’s price objective indicates a potential upside of 9.05% from the company’s current price.

CBRL has been the subject of several other reports. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Citigroup restated a “sell” rating and set a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Truist Financial set a $63.00 target price on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Loop Capital lowered their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.71.

Cracker Barrel Old Country Store Price Performance

CBRL traded up $1.39 during trading on Tuesday, reaching $55.02. The company’s stock had a trading volume of 314,552 shares, compared to its average volume of 810,191. Cracker Barrel Old Country Store has a 1 year low of $33.86 and a 1 year high of $65.43. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 8.36 and a beta of 1.36. The firm has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $49.81.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 53,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the completion of the transaction, the insider now directly owns 2,833,700 shares of the company’s stock, valued at $126,383,020. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 385,307 shares of company stock valued at $15,679,910. Insiders own 1.40% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in shares of Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 worth $666,000 after acquiring an additional 417 shares during the last quarter. Sterling Capital Management LLC grew its stake in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $25,000. Finally, MetLife Investment Management LLC raised its holdings in Cracker Barrel Old Country Store by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock valued at $707,000 after acquiring an additional 754 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.