Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $64.00

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its target price lifted by Truist Financial from $63.00 to $64.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Truist Financial's price target suggests a potential upside of 15.57% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Loop Capital cut their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. UBS Group restated a "neutral" rating and set a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Citigroup reiterated a "sell" rating and issued a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and an average price target of $53.71.

Cracker Barrel Old Country Store Stock Up 3.3%

CBRL traded up $1.75 during midday trading on Friday, reaching $55.38. The company's stock had a trading volume of 832,035 shares, compared to its average volume of 813,233. Cracker Barrel Old Country Store has a 1 year low of $33.86 and a 1 year high of $65.43. The stock's 50-day moving average is $47.57 and its 200-day moving average is $49.87. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 8.36 and a beta of 1.36. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

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 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm had revenue of $821.10 million for the quarter, compared to analysts' expectations of $824.65 million. During the same period in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the completion of the purchase, the insider now directly owns 2,833,700 shares of the company's stock, valued at $126,383,020. The trade was a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 385,307 shares of company stock worth $15,679,910. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. GMT Capital Corp bought a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $78,750,000. Marshall Wace LLP lifted its holdings in shares of Cracker Barrel Old Country Store by 151.9% during the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after buying an additional 462,542 shares during the period. Woodline Partners LP boosted its stake in shares of 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 worth $12,919,000 after buying an additional 257,301 shares during the last quarter. Towle & Co. bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth $13,575,000. Finally, Trexquant Investment LP bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth $4,795,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.