Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Reduce” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus rating of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $59.29.

CBRL has been the subject of several recent research reports. 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. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Bank of America reduced their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Finally, CL King lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, May 17th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinebridge Investments L.P. grew its position in 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 period. International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $2,935,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $73,000. Duality Advisers LP raised 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 during the period. Finally, ProShare Advisors LLC lifted its stake 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 purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $38.12 on Friday. The business has a 50-day simple moving average of $41.24 and a 200 day simple moving average of $52.43. Cracker Barrel Old Country Store has a one year low of $37.21 and a one year high of $83.51. 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 capitalization of $846.34 million, a price-to-earnings ratio of 14.07, a PEG ratio of 1.03 and a beta of 1.43.

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.