Cracker Barrel Old Country Store (NASDAQ:CBRL) Raised to "Strong-Buy" at Freedom Capital

Key Points

• Freedom Capital upgraded Cracker Barrel (NASDAQ:CBRL) to a "Strong-Buy" rating in a research note issued Monday.
• The company reported quarterly EPS of $0.25 (beating the -$0.10 estimate) and revenue of $874.8M, but revenue was down 7.9% year‑over‑year and the firm posted a negative net margin.
• Analyst sentiment remains mixed—MarketBeat's consensus is a "Hold" with a $37.75 target, reflecting a split of 1 Strong Buy, 2 Buy, 6 Hold and 4 Sell—while shares trade around $28.42 with a market cap near $635M.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) was upgraded by equities research analysts at Freedom Capital to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Truist Financial boosted their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. UBS Group boosted their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Wells Fargo & Company boosted their price objective on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a "strong sell" rating in a report on Wednesday, December 10th. Finally, Bank of America cut their price objective on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an "underperform" rating on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.75.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $28.42 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.90. The company's 50-day moving average price is $30.13 and its two-hundred day moving average price is $31.72. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93. The stock has a market cap of $635.22 million, a PE ratio of -157.88 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The firm had revenue of $874.82 million for the quarter, compared to analysts' expectations of $862.89 million. During the same period in the previous year, the business earned $1.38 earnings per share. Cracker Barrel Old Country Store's revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parvin Asset Management LLC raised its holdings in Cracker Barrel Old Country Store by 4.4% during the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator's stock worth $507,000 after buying an additional 350 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Cracker Barrel Old Country Store by 16.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator's stock valued at $71,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System grew its stake in Cracker Barrel Old Country Store by 7.2% during the 3rd quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator's stock valued at $276,000 after acquiring an additional 419 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Cracker Barrel Old Country Store by 4.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the restaurant operator's stock valued at $529,000 after acquiring an additional 500 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Cracker Barrel Old Country Store by 8.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator's stock valued at $409,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

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