Truist Financial Issues Positive Forecast for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price objective raised by equities research analysts at Truist Financial from $64.00 to $65.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Truist Financial's price target indicates a potential upside of 24.86% from the company's previous close.

A number of other research firms have also recently weighed in on CBRL. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. UBS Group restated a "neutral" rating and issued a $60.00 price target (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Loop Capital lifted their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Finally, Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and an average price target of $53.86.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded down $2.99 during trading on Friday, hitting $52.06. 1,245,306 shares of the company traded hands, compared to its average volume of 840,257. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The business's fifty day moving average is $49.41 and its 200-day moving average is $50.09. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 8.36 and a beta of 1.45. Cracker Barrel Old Country Store has a one year low of $33.86 and a one year high of $65.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data 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. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 105,900 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the purchase, the insider now directly owns 2,452,200 shares of the company's stock, valued at $88,132,068. This represents a 4.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders bought 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bayforest Capital Ltd bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $342,000. Woodline Partners LP lifted its stake in Cracker Barrel Old Country Store by 340.8% during the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock valued at $12,919,000 after purchasing an additional 257,301 shares during the last quarter. Caxton Associates LLP bought a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $423,000. Dynamic Technology Lab Private Ltd acquired a new position in Cracker Barrel Old Country Store in the first quarter worth approximately $1,065,000. Finally, Scientech Research LLC grew its position in Cracker Barrel Old Country Store by 276.2% in the first quarter. Scientech Research LLC now owns 18,892 shares of the restaurant operator's stock worth $733,000 after buying an additional 13,870 shares during the last quarter. 96.01% of the stock is currently owned by 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.