Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Cut to $68.00 by Analysts at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price reduced by analysts at Truist Financial from $72.00 to $68.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price would suggest a potential upside of 21.45% from the stock’s previous close.

CBRL has been the topic of several other reports. Citigroup increased their target price on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Finally, UBS Group dropped their price objective on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.57.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock traded down $4.10 during midday trading on Wednesday, reaching $55.99. 1,101,792 shares of the company were exchanged, compared to its average volume of 661,312. The firm’s 50-day simple moving average is $68.90 and its 200-day simple moving average is $71.61. Cracker Barrel Old Country Store has a 1 year low of $54.87 and a 1 year high of $116.05. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share. On average, analysts anticipate that Cracker Barrel Old Country Store will post 4.62 EPS for the current year.

Institutional Trading of Cracker Barrel Old Country Store

Several large investors have recently bought and sold shares of CBRL. Raymond James & Associates increased its stake in Cracker Barrel Old Country Store by 12.7% during the 1st quarter. Raymond James & Associates now owns 32,445 shares of the restaurant operator’s stock worth $3,852,000 after buying an additional 3,657 shares during the period. US Bancorp DE grew its stake in Cracker Barrel Old Country Store by 31.9% during the 1st quarter. US Bancorp DE now owns 2,489 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 602 shares in the last quarter. HighTower Advisors LLC grew its stake in Cracker Barrel Old Country Store by 3.6% during the 1st quarter. HighTower Advisors LLC now owns 6,375 shares of the restaurant operator’s stock valued at $761,000 after purchasing an additional 221 shares in the last quarter. Bank of Montreal Can increased its holdings in Cracker Barrel Old Country Store by 7.1% during the 1st quarter. Bank of Montreal Can now owns 5,661 shares of the restaurant operator’s stock worth $674,000 after purchasing an additional 373 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Cracker Barrel Old Country Store by 40.6% in the 1st quarter. MetLife Investment Management LLC now owns 27,563 shares of the restaurant operator’s stock valued at $3,273,000 after purchasing an additional 7,963 shares in the last quarter. Institutional investors and hedge funds 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.