Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $65.00 at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its target price upped by analysts at Truist Financial from $64.00 to $65.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Truist Financial's price target points to a potential upside of 14.16% from the company's current price.

CBRL has been the subject of several other research reports. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Loop Capital upped their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Citigroup reissued a "sell" rating and issued a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Finally, UBS Group reaffirmed a "neutral" rating and set a $60.00 target price (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Two investment 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. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of "Hold" and a consensus target price of $53.86.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded up $4.88 during trading on Friday, reaching $56.94. The stock had a trading volume of 1,317,368 shares, compared to its average volume of 842,394. The stock has a fifty day simple moving average of $49.41 and a two-hundred day simple moving average of $50.05. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 52 week low of $33.86 and a 52 week high of $65.43. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 8.36 and a beta of 1.45.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.41. The business had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. Cracker Barrel Old Country Store's revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. As a group, analysts anticipate that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 105,900 shares of the company's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the purchase, the insider now owns 2,452,200 shares in the company, valued at $88,132,068. This represents a 4.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 385,307 shares of company stock valued at $15,679,910 over the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors 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 during the 1st quarter valued at about $25,000. Sterling Capital Management LLC raised its position in Cracker Barrel Old Country Store by 685.9% in the 4th 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 position in Cracker Barrel Old Country Store in the first quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at $45,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock valued at $46,000 after buying an additional 922 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

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.