Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded at Argus

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a $52.00 target price on the restaurant operator’s stock. Argus’ target price would indicate a potential upside of 6.54% from the company’s previous close.

Several other research analysts have also weighed in on CBRL. Loop Capital dropped their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. UBS Group dropped their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Bank of America increased their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $54.25.

Cracker Barrel Old Country Store Stock Up 1.5 %

Shares of Cracker Barrel Old Country Store stock opened at $48.81 on Monday. The stock’s fifty day moving average is $45.15 and its 200-day moving average is $44.80. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.08 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the business posted $1.79 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.97 earnings per share for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. lifted its position in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the last quarter. CWM LLC raised its stake in shares of Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $45,000. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,051 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

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.