Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Gap Up - Time to Buy?

Key Points

• Cracker Barrel Old Country Store's shares opened at $60.20 after a gap up, trading at $61.68 with a substantial volume of over 1.6 million shares.
• The stock has received mixed ratings from analysts, with a consensus target price of $55.14 and notable forecasts including a "buy" rating with a target increase to $65.00 from Truist Financial.
• Cracker Barrel reported earnings of $0.58 per share, significantly exceeding analyst expectations but slightly falling short of revenue predictions, indicating a 0.5% year-over-year revenue increase.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $57.71, but opened at $60.20. Cracker Barrel Old Country Store shares last traded at $61.68, with a volume of 1,664,253 shares changing hands.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of research reports. Citigroup reiterated 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. Bank of America raised their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. UBS Group reaffirmed a "neutral" rating and issued a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Loop Capital upped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, June 6th. Finally, Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.14.

Cracker Barrel Old Country Store Trading Up 8.7%

The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. The business's fifty day moving average is $62.20 and its 200-day moving average is $52.14. The stock has a market capitalization of $1.40 billion, a PE ratio of 24.18 and a beta of 1.47.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.41. The company had revenue of $821.10 million for the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The firm's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently bought and sold shares of the business. GMT Capital Corp bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $78,750,000. Alliancebernstein L.P. boosted its stake in Cracker Barrel Old Country Store by 1,068.2% in the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock valued at $74,655,000 after buying an additional 1,117,617 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the second quarter worth about $43,930,000. Woodline Partners LP increased its holdings in Cracker Barrel Old Country Store by 340.8% in the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock worth $12,919,000 after purchasing an additional 257,301 shares in the last quarter. Finally, Towle & Co. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $13,575,000. 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 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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