Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.
A number of other brokerages also recently weighed in on CBRL. Truist Financial cut their price objective on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday. Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Bank of America decreased 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. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.29.
Read Our Latest Research Report on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Stock Down 1.5 %
Hedge Funds Weigh In On Cracker Barrel Old Country Store
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $279,000. B. Riley Wealth Advisors Inc. bought a new position in Cracker Barrel Old Country Store in the second quarter worth $220,000. Creative Planning boosted its stake in Cracker Barrel Old Country Store by 6.8% during the second quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock worth $533,000 after buying an additional 804 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Cracker Barrel Old Country Store by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock worth $480,000 after buying an additional 618 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Cracker Barrel Old Country Store by 57.1% in the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after buying an additional 22,658 shares during the period. 96.01% of the stock is currently owned by institutional investors.
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.
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