Cracker Barrel Old Country Store (NASDAQ:CBRL) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Cracker Barrel Old Country Store received a "Hold (C-)" rating from Weiss Ratings, indicating a neutral outlook on the stock.
• Analysts have varied views on Cracker Barrel, with Citigroup lowering its price target from $47 to $42 and issuing a "sell" rating, while Argus set a "buy" rating with a target price of $50.
• In its latest earnings report, Cracker Barrel missed estimates for earnings per share, reporting $0.74 against a consensus estimate of $0.77, with revenue declining 2.9% from the previous year.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on CBRL. Citigroup decreased their target price on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a "sell" rating on the stock in a report on Thursday, September 18th. Argus decreased their price target on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Piper Sandler decreased their price target on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating on the stock in a report on Thursday, September 18th. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a report on Saturday, September 20th. Finally, UBS Group reaffirmed a "neutral" rating and set a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Reduce" and a consensus target price of $52.14.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock traded down $0.63 during midday trading on Wednesday, hitting $41.96. The company's stock had a trading volume of 664,175 shares, compared to its average volume of 1,526,758. Cracker Barrel Old Country Store has a 1-year low of $33.85 and a 1-year high of $71.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.21. The company has a 50-day moving average price of $52.63 and a two-hundred day moving average price of $53.02. The company has a market cap of $934.45 million, a price-to-earnings ratio of 20.27 and a beta of 1.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The business had revenue of $868.01 million during the quarter, compared to analyst estimates of $853.90 million. During the same quarter last year, the firm earned $0.98 EPS. Cracker Barrel Old Country Store's revenue for the quarter was down 2.9% compared to the same quarter last year. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GMT Capital Corp raised its holdings in shares of Cracker Barrel Old Country Store by 39.7% in the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator's stock valued at $173,082,000 after purchasing an additional 805,100 shares during the last quarter. Alliancebernstein L.P. grew its position in Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock valued at $74,655,000 after buying an additional 1,117,617 shares during the period. Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store during the second quarter valued at about $43,930,000. Geode Capital Management LLC grew its position in Cracker Barrel Old Country Store by 2.1% during the second quarter. Geode Capital Management LLC now owns 546,006 shares of the restaurant operator's stock valued at $33,354,000 after buying an additional 11,409 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Cracker Barrel Old Country Store by 1.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 486,312 shares of the restaurant operator's stock worth $29,704,000 after purchasing an additional 5,934 shares during the period. Institutional investors and hedge funds 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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