Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Cracker Barrel Old Country Store, Inc. has received a consensus rating of “Hold” from analysts, with two sell recommendations, four holds, and two buys from a group of eight analysts.
• The average twelve-month target price for Cracker Barrel among brokerages is $55.43, with individual price objectives varying from $45.00 to $69.00.
• Institutional investors hold a significant stake, with 96.01% of the company's stock owned by hedge funds and other large investors.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $55.4286.

CBRL has been the subject of a number of analyst reports. UBS Group restated a "neutral" rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Citigroup upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "sell" rating in a research report on Monday, September 8th. Loop Capital upped their price objective on shares of 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. Truist Financial set a $62.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Monday. Finally, Bank of America upped their price objective on shares of 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.

Cracker Barrel Old Country Store Stock Up 2.4%

Shares of Cracker Barrel Old Country Store stock opened at $52.39 on Tuesday. The company has a market cap of $1.17 billion, a P/E ratio of 20.31 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. Cracker Barrel Old Country Store has a one year low of $33.85 and a one year high of $71.93. The firm has a fifty day moving average of $59.89 and a two-hundred day moving average of $52.79.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in CBRL. GMT Capital Corp purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $78,750,000. Alliancebernstein L.P. grew its stake in Cracker Barrel Old Country Store by 1,068.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock valued at $74,655,000 after acquiring an additional 1,117,617 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at about $43,930,000. Woodline Partners LP grew its stake in Cracker Barrel Old Country Store by 340.8% in the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock valued at $12,919,000 after acquiring an additional 257,301 shares during the last quarter. Finally, Towle & Co. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $13,575,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

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.

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