Cracker Barrel Old Country Store (NASDAQ:CBRL) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Cracker Barrel Old Country Store received a Hold (C-) rating from Weiss Ratings, indicating a cautious approach from investment analysts.
• Analysts have recently lowered price targets for the stock, with Piper Sandler reducing it from $56 to $49 and Bank of America from $48 to $42, amidst a consensus Reduce rating among analysts.
• The stock has experienced a decline in trading, currently sitting at $36.25, reflecting a 12-month low of $33.85 compared to a high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report)'s stock had its "hold (c-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

CBRL has been the topic of several other reports. Piper Sandler dropped their price target on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday, September 18th. Truist Financial set a $58.00 price target on Cracker Barrel Old Country Store in a research note on Thursday, September 18th. Zacks Research lowered Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research note on Friday, September 19th. Wall Street Zen lowered Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a research report on Saturday, September 20th. Finally, Bank of America lowered their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an "underperform" rating on the stock in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $50.88.

Cracker Barrel Old Country Store Trading Down 1.4%

Shares of NASDAQ:CBRL traded down $0.50 during midday trading on Friday, hitting $36.25. 1,620,642 shares of the stock were exchanged, compared to its average volume of 1,059,051. The stock has a market capitalization of $807.29 million, a price-to-earnings ratio of 17.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The business's 50-day moving average price is $47.76 and its 200 day moving average price is $53.00. Cracker Barrel Old Country Store has a 12 month low of $33.85 and a 12 month high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. The company had revenue of $845.09 million for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. Analysts predict 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 institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new position in Cracker Barrel Old Country Store in the 1st quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter worth about $30,000. Assetmark Inc. lifted its holdings in Cracker Barrel Old Country Store by 517.3% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 419 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $37,000. Finally, Meeder Asset Management Inc. purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter worth about $45,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.

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