Loop Capital 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 target raised by stock analysts at Loop Capital from $50.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the restaurant operator's stock. Loop Capital's price objective indicates a potential downside of 1.16% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial upped their target price on Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the company a "buy" rating in a research note on Friday. 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 research note on Friday, May 23rd. UBS Group lifted their target price on Cracker Barrel Old Country Store from $48.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $54.86.

Cracker Barrel Old Country Store Stock Up 3.8%

NASDAQ:CBRL traded up $2.01 during trading hours on Friday, reaching $55.64. 250,138 shares of the company traded hands, compared to its average volume of 809,890. The stock has a market capitalization of $1.24 billion, a P/E ratio of 30.73, a P/E/G ratio of 8.36 and a beta of 1.36. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The business's 50-day moving average price is $47.29 and its two-hundred day moving average price is $49.81. Cracker Barrel Old Country Store has a 1 year low of $33.86 and a 1 year high of $65.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. The business had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. Analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 105,900 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the acquisition, the insider now directly owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders acquired 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GMT Capital Corp bought a new position in Cracker Barrel Old Country Store in the 1st quarter valued at $78,750,000. Marshall Wace LLP increased its stake in shares of Cracker Barrel Old Country Store by 151.9% in the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock worth $40,544,000 after acquiring an additional 462,542 shares during the last quarter. Woodline Partners LP lifted 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 valued at $12,919,000 after acquiring an additional 257,301 shares during the last quarter. Towle & Co. purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $13,575,000. Finally, Trexquant Investment LP purchased a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at approximately $4,795,000. Institutional investors own 96.01% of the company's stock.

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.

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