Cracker Barrel Old Country Store (NASDAQ:CBRL) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a report published on Saturday.

Several other equities research analysts have also weighed in on the company. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Loop Capital upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. 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. Finally, Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 1.0 %

NASDAQ CBRL opened at $46.53 on Friday. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $74.21. The company has a market capitalization of $1.04 billion, a P/E ratio of 25.71, a PEG ratio of 8.36 and a beta of 1.47. The company’s 50 day simple moving average is $55.63 and its 200 day simple moving average is $48.97. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently modified their holdings of CBRL. Sterling Capital Management LLC grew its stake in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 487 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 913 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $56,000. Public Employees Retirement System of Ohio raised its position in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $79,000. 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.