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

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by equities researchers at Truist Financial from a “hold” rating to a “buy” rating in a report issued on Monday, Marketbeat reports. The brokerage presently has a $55.00 target price on the restaurant operator’s stock, up from their prior target price of $51.00. Truist Financial’s price target would indicate a potential upside of 31.26% from the stock’s previous close.

CBRL has been the topic of a number of other research reports. Piper Sandler lifted their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Citigroup boosted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. UBS Group raised their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Bank of America lifted their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Stock Down 5.5 %

Shares of NASDAQ CBRL opened at $41.90 on Monday. The stock has a market capitalization of $932.65 million, a P/E ratio of 23.15, a PEG ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $74.21. The firm’s 50 day simple moving average is $53.54 and its two-hundred day simple moving average is $49.22.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in CBRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cracker Barrel Old Country Store by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,837 shares of the restaurant operator’s stock worth $1,894,000 after acquiring an additional 4,192 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.1% in the 4th quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator’s stock worth $11,839,000 after purchasing an additional 2,366 shares during the period. Woodline Partners LP bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $3,990,000. Towle & Co. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $13,575,000. Finally, Twinbeech Capital LP purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $437,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.