Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Expected to Rise, UBS Group Analyst Says

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price objective lifted by stock analysts at UBS Group from $60.00 to $69.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price indicates a potential upside of 7.13% from the company's current price.

CBRL has been the subject of a number of other reports. Loop Capital lifted their price target on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Citigroup reaffirmed a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Truist Financial boosted their target price 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. Finally, Bank of America raised their price target on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target of $55.14.

Cracker Barrel Old Country Store Stock Performance

CBRL stock traded down $2.87 on Monday, hitting $64.41. The company's stock had a trading volume of 1,653,760 shares, compared to its average volume of 1,002,508. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 6.27 and a beta of 1.45. The firm has a 50 day moving average of $57.82 and a two-hundred day moving average of $51.46. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store has a 1 year low of $33.85 and a 1 year high of $69.33.

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

Insider Buying and Selling

In related news, major shareholder Gmt Capital Corp bought 53,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $41.84 per share, for a total transaction of $2,217,520.00. Following the acquisition, the insider owned 2,674,800 shares in the company, valued at $111,913,632. This represents a 2.02% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought 247,607 shares of company stock valued at $10,687,406 over the last 90 days. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at about $25,000. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at approximately $45,000. Finally, Russell Investments Group Ltd. increased its holdings in Cracker Barrel Old Country Store by 360.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock worth $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.

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.