Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $48.14 Average PT from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.1429.

CBRL has been the subject of several analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Wells Fargo & Company increased their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 321 shares during the period. Captrust Financial Advisors raised its position in Cracker Barrel Old Country Store by 8.4% in the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock worth $409,000 after purchasing an additional 519 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cracker Barrel Old Country Store by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after purchasing an additional 546 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth about $37,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store in the third quarter worth about $26,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $54.05 on Tuesday. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $60.26. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average is $54.84 and its 200 day moving average is $40.33. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 46.60 and a beta of 1.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same period in the previous year, the firm posted $0.56 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Cracker Barrel Old Country Store will post 0.07 EPS for the current fiscal year.

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.