Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Lowered to $50.00 at Argus

Key Points

• Analysts at Argus have lowered the price target for Cracker Barrel Old Country Store from $62.00 to $50.00, suggesting a potential upside of 9.89% from its current price.
• The company recently reported earnings of $0.74 per share, missing the consensus estimate by $0.03, with revenue down 2.9% compared to the same quarter last year.
• Institutional investors own approximately 96.01% of Cracker Barrel's stock, indicating significant interest among large investors in the company.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its target price decreased by analysts at Argus from $62.00 to $50.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Argus' price target suggests a potential upside of 9.89% from the company's current price.

Other equities analysts have also recently issued research reports about the company. UBS Group reissued a "neutral" rating and issued a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating for the company in a research note on Thursday, September 18th. Citigroup lowered their price target 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. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research report on Saturday, September 20th. Finally, Truist Financial set a $58.00 price target on Cracker Barrel Old Country Store in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $52.14.

Cracker Barrel Old Country Store Trading Up 3.9%

NASDAQ:CBRL opened at $45.50 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $56.22 and a 200-day simple moving average of $53.02. Cracker Barrel Old Country Store has a 12 month low of $33.85 and a 12 month high of $71.93. The company has a market capitalization of $1.01 billion, a P/E ratio of 21.98 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $868.01 million for the quarter, compared to analysts' expectations of $853.90 million. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently modified their holdings of CBRL. Assetmark Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator's stock worth $31,000 after buying an additional 419 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. purchased a new position in Cracker Barrel Old Country Store during the first quarter worth approximately $45,000. 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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