Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Cracker Barrel Old Country Store to “strong buy” from “hold” and projected fiscal Q2 2027 earnings of $0.63 per share.
• Analyst sentiment remains mixed: the stock has a consensus “hold” rating and an average price target of $48.14, despite several recent target increases.
• Cracker Barrel shares opened at $58.27, near their 52-week high, after the company beat quarterly earnings and revenue estimates; institutional investors own approximately 96.01% of the stock.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Cracker Barrel Old Country Store's Q2 2027 earnings at $0.63 EPS.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research note on Saturday, June 13th. UBS Group restated a "neutral" rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Argus raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Finally, Citigroup boosted their price target on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.14.

Cracker Barrel Old Country Store Stock Up 0.4%

Shares of Cracker Barrel Old Country Store stock opened at $58.27 on Monday. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $63.15. The company has a 50-day simple moving average of $53.64 and a two-hundred day simple moving average of $39.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The stock has a market capitalization of $1.30 billion, a PE ratio of 50.23 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of ($0.45) by $0.74. The company had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.Cracker Barrel Old Country Store's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, analysts anticipate that Cracker Barrel Old Country Store will post 0.01 EPS for the current fiscal year.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in CBRL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cracker Barrel Old Country Store by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator's stock valued at $510,000 after buying an additional 546 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Cracker Barrel Old Country Store by 64.6% in the second quarter. Cetera Investment Advisers now owns 9,210 shares of the restaurant operator's stock valued at $563,000 after purchasing an additional 3,614 shares during the period. Norges Bank purchased a new stake in Cracker Barrel Old Country Store during the second quarter worth $843,000. New York State Common Retirement Fund boosted its position in shares of Cracker Barrel Old Country Store by 23.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator's stock worth $512,000 after buying an additional 1,600 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Cracker Barrel Old Country Store by 76.0% in the second quarter. Invesco Ltd. now owns 350,859 shares of the restaurant operator's stock valued at $21,430,000 after purchasing an additional 151,463 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

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