Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to Hold at Wall Street Zen

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities research analysts have also recently commented on CBRL. Wells Fargo & Company upgraded Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $50.00 in a research note on Wednesday. UBS Group boosted their target price on Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. Truist Financial boosted their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.29.

Cracker Barrel Old Country Store Trading Up 2.6%

NASDAQ CBRL opened at $46.69 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 40.25 and a beta of 1.30. The stock’s 50 day moving average price is $31.84 and its two-hundred day moving average price is $30.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.50. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. The firm had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, analysts anticipate that Cracker Barrel Old Country Store will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 321 shares during the last quarter. 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 operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.