Cracker Barrel Old Country Store (NASDAQ:CBRL) Receives Hold Rating from Benchmark

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “hold” rating reaffirmed by investment analysts at Benchmark in a report issued on Monday,Benzinga reports.

A number of other equities analysts have also issued reports on CBRL. Loop Capital lowered their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Bank of America raised their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Truist Financial raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $55.00 in a report on Monday. Citigroup raised their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Finally, 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 report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.13.

Cracker Barrel Old Country Store Stock Down 5.5 %

CBRL opened at $41.90 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $74.21. The business’s 50-day simple moving average is $53.54 and its 200-day simple moving average is $49.22. The stock has a market capitalization of $932.65 million, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently added to or reduced their stakes in CBRL. Sterling Capital Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio boosted its stake in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $79,000. Hedge funds and other institutional investors 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.