Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Free Report) has been given an average recommendation of “Reduce” by the nine brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $59.29.
Several research analysts have recently issued reports on CBRL shares. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 20th. Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, May 31st. Bank of America decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Finally, StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th.
Check Out Our Latest Stock Analysis on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Price Performance
Institutional Trading of Cracker Barrel Old Country Store
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. grew its holdings in shares of Cracker Barrel Old Country Store by 63.7% during the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 6,925 shares during the last quarter. International Assets Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $2,935,000. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $73,000. Duality Advisers LP increased its holdings in shares of Cracker Barrel Old Country Store by 196.5% in the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after purchasing an additional 33,751 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after purchasing an additional 306 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.
About Cracker Barrel Old Country Store
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.
See Also
- Five stocks we like better than Cracker Barrel Old Country Store
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Matador Resources Insiders Keep Buying Its Stock, Should You?
- What Are the FAANG Stocks and Are They Good Investments?
- Oracle Can Turn the Magnificent 7 Into 8: Here’s Why
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Palantir Stock Is Up 14% on S&P 500 News: Is It Time to Buy?
Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.