Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts rate Cracker Barrel “Hold” on average: Of 12 analysts, three recommend selling, four recommend holding, three recommend buying and two issue strong-buy ratings. The average 12-month price target is $48.14.
• Recent earnings exceeded expectations: Cracker Barrel reported quarterly EPS of $0.29 versus the consensus estimate of a $0.45 loss, while revenue reached $797.37 million, though it declined 2.9% year over year.
• The stock traded at $55.24 with a market capitalization of approximately $1.23 billion; institutional investors and hedge funds own 96.01% of outstanding shares.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been given an average recommendation of "Hold" by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $48.1429.

A number of brokerages have weighed in on CBRL. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Zacks Research raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 24th. UBS Group restated a "neutral" rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Wells Fargo & Company boosted their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Cracker Barrel Old Country Store from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th.

Cracker Barrel Old Country Store Trading Down 0.8%

NASDAQ CBRL opened at $55.24 on Tuesday. The stock has a 50-day simple moving average of $54.44 and a 200 day simple moving average of $39.85. The company has a market capitalization of $1.23 billion, a PE ratio of 47.62 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $61.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The business had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same quarter last year, the firm earned $0.56 EPS. Cracker Barrel Old Country Store's quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts forecast that Cracker Barrel Old Country Store will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $37,000. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store during the third quarter worth $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 321 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

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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