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

Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other equities research analysts have also weighed in on CBRL. Truist Financial lowered their target price on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup cut their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. CL King lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Friday, May 17th. Finally, Bank of America decreased their target price on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.29.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock traded down $0.57 during midday trading on Thursday, hitting $38.12. 691,005 shares of the company were exchanged, compared to its average volume of 741,155. The firm has a 50 day simple moving average of $41.24 and a 200-day simple moving average of $52.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The firm has a market cap of $846.34 million, a P/E ratio of 14.07, a PEG ratio of 1.03 and a beta of 1.43. Cracker Barrel Old Country Store has a 52 week low of $37.21 and a 52 week high of $83.51.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently made changes to their positions in CBRL. Pinebridge Investments L.P. increased its position in Cracker Barrel Old Country Store by 63.7% in the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock worth $1,371,000 after purchasing an additional 6,925 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $2,935,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $73,000. Duality Advisers LP raised its stake in shares of Cracker Barrel Old Country Store by 196.5% during the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after buying an additional 33,751 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in 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 valued at $324,000 after buying an additional 306 shares during the period. Institutional investors own 96.01% of the company’s stock.

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.