Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $59.29 Average Price Target from Brokerages

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

A number of research firms have weighed in on CBRL. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 20th. 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 on the stock. in a research report on Friday, May 17th. Bank of America decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup cut their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $36.38 on Friday. Cracker Barrel Old Country Store has a 52-week low of $35.30 and a 52-week high of $83.51. The company has a fifty day moving average of $40.96 and a 200-day moving average of $51.43. The company has a market capitalization of $807.64 million, a P/E ratio of 13.42, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp raised its stake in shares of Cracker Barrel Old Country Store by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after acquiring an additional 274 shares during the last quarter. ProShare Advisors LLC raised its position in Cracker Barrel Old Country Store by 7.4% during the 1st 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. Raymond James Financial Services Advisors Inc. lifted its holdings in Cracker Barrel Old Country Store by 1.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,743 shares of the restaurant operator’s stock worth $2,236,000 after buying an additional 368 shares during the period. Principal Financial Group Inc. grew its position in shares of Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after buying an additional 381 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares during the period. Institutional investors own 96.01% of the company’s stock.

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.