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

Key Points

• Cracker Barrel Old Country Store has received a consensus rating of "Hold" from eight brokerages, with two sell ratings, four hold ratings, and two buy ratings.
• The average twelve-month price target for Cracker Barrel shares is currently $55.14, with recent price target adjustments from various analysts, including UBS and Loop Capital.
• The company's latest quarterly earnings exceeded expectations, reporting $0.58 earnings per share, and showed a revenue increase of 0.5% year-over-year, totaling $821.1 million.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.1429.

Several equities analysts have recently issued reports on the company. UBS Group reiterated a "neutral" rating and issued a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Loop Capital boosted their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. Bank of America boosted their price objective on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Citigroup restated a "sell" rating and set a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Finally, Truist Financial boosted their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, June 13th.

Cracker Barrel Old Country Store Trading Down 7.2%

Shares of CBRL opened at $54.80 on Friday. Cracker Barrel Old Country Store has a 52-week low of $33.85 and a 52-week high of $71.93. The business's fifty day moving average is $62.26 and its 200-day moving average is $52.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 21.24 and a beta of 1.47.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The company had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. During the same quarter last year, the company posted $0.88 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth about $25,000. Sterling Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after buying an additional 487 shares during the period. Brooklyn Investment Group acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth about $30,000. Assetmark Inc. lifted its holdings in Cracker Barrel Old Country Store by 517.3% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator's stock worth $31,000 after buying an additional 419 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth about $37,000. 96.01% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.