Citigroup Has Lowered Expectations for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Key Points

• Cracker Barrel Old Country Store's target price has been reduced by Citigroup from $47.00 to $42.00, reflecting a potential downside of 11.89% from its current price and maintaining a "sell" rating on the stock.
• Other analysts have also adjusted their target prices, with Piper Sandler lowering theirs to $49.00 and Bank of America cutting theirs to $42.00, contributing to an average target price of $52.43 amongst analysts.
• The company reported a quarterly EPS of $0.74, missing estimates, with a revenue of $868.01 million but a 2.9% decline compared to the previous year.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price target cut by equities researchers at Citigroup from $47.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "sell" rating on the restaurant operator's stock. Citigroup's price target would suggest a potential downside of 3.45% from the stock's current price.

Several other brokerages have also recently issued reports on CBRL. Loop Capital increased their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, June 6th. Bank of America reduced their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating on the stock in a research note on Thursday. UBS Group reiterated a "neutral" rating and issued a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Truist Financial set a $58.00 price objective on Cracker Barrel Old Country Store in a research note on Thursday. Finally, Piper Sandler dropped their target price on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of "Hold" and a consensus price target of $52.43.

Cracker Barrel Old Country Store Trading Down 5.0%

NASDAQ:CBRL traded down $2.30 during trading hours on Thursday, reaching $43.50. 3,173,720 shares of the stock were exchanged, compared to its average volume of 2,096,915. The company has a quick ratio of 0.26, a current ratio of 0.50 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $58.32 and a two-hundred day moving average of $52.82. Cracker Barrel Old Country Store has a twelve month low of $33.85 and a twelve month high of $71.93. The company has a market capitalization of $968.75 million, a price-to-earnings ratio of 21.01 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $868.01 million for the quarter, compared to analyst estimates of $853.90 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, equities analysts predict that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth $25,000. Brooklyn Investment Group bought a new position in Cracker Barrel Old Country Store in the 1st quarter worth approximately $30,000. Assetmark Inc. raised 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 valued at $31,000 after buying an additional 419 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store in the second quarter worth $37,000. Finally, Meeder Asset Management Inc. purchased a new stake in Cracker Barrel Old Country Store in the first quarter worth $45,000. 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.