Cracker Barrel Old Country Store (NASDAQ:CBRL) Receives Neutral Rating from UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report)'s stock had its "neutral" rating restated by analysts at UBS Group in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $69.00 price target on the restaurant operator's stock, up from their prior price target of $60.00. UBS Group's price objective points to a potential upside of 3.63% from the stock's previous close.

A number of other brokerages have also recently issued reports on CBRL. Citigroup restated a "sell" rating and set a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Loop Capital increased their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Finally, Bank of America boosted their price target on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and a consensus target price of $55.14.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL traded up $0.59 on Monday, reaching $66.58. The stock had a trading volume of 723,834 shares, compared to its average volume of 859,921. Cracker Barrel Old Country Store has a twelve month low of $33.86 and a twelve month high of $69.33. The firm has a market capitalization of $1.48 billion, a PE ratio of 25.82, a PEG ratio of 5.95 and a beta of 1.45. The firm has a 50-day moving average of $59.10 and a 200 day moving average of $51.70. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%. The company had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. Cracker Barrel Old Country Store's revenue was up .5% compared to the same quarter last year. Sell-side analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Activity

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 53,000 shares of the company's stock in a transaction that occurred on 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 owned 2,833,700 shares of the company's stock, valued at $126,383,020. This trade represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 221,107 shares of company stock worth $9,546,581 in the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in CBRL. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth about $25,000. Sterling Capital Management LLC increased its position in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Brooklyn Investment Group purchased a new position in Cracker Barrel Old Country Store during the first quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new position in Cracker Barrel Old Country Store during the first quarter worth approximately $45,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Cracker Barrel Old Country Store by 360.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 922 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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.