Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by equities researchers at BidaskClub from a "buy" rating to a "hold" rating in a research note issued on Thursday, BidAskClub reports.
CBRL has been the topic of several other reports. Truist raised their target price on Cracker Barrel Old Country Store to $152.00 and gave the stock a "buy" rating in a report on Wednesday. ValuEngine raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating in a report on Friday, August 28th. Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $133.00 to $152.00 in a research note on Wednesday. MKM Partners lifted their price objective on shares of Cracker Barrel Old Country Store from $110.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, September 11th. Finally, Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $108.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and an average price target of $142.78.
NASDAQ:CBRL opened at $124.97 on Thursday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.58 and a quick ratio of 1.16. The company's fifty day moving average price is $124.14 and its 200-day moving average price is $107.10. Cracker Barrel Old Country Store has a 1-year low of $53.61 and a 1-year high of $174.85. The firm has a market capitalization of $2.96 billion, a P/E ratio of 543.37 and a beta of 1.18.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, September 15th. The restaurant operator reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.30). The business had revenue of $495.10 million during the quarter, compared to analysts' expectations of $478.67 million. Cracker Barrel Old Country Store had a net margin of 0.27% and a return on equity of 24.85%. Cracker Barrel Old Country Store's revenue for the quarter was down 37.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.70 earnings per share. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.5 EPS for the current fiscal year.
Several large investors have recently modified their holdings of CBRL. State Street Corp raised its holdings in shares of Cracker Barrel Old Country Store by 6.0% in the 1st quarter. State Street Corp now owns 811,701 shares of the restaurant operator's stock valued at $67,550,000 after buying an additional 46,165 shares during the period. Macquarie Group Ltd. raised its stake in Cracker Barrel Old Country Store by 64.1% during the 2nd quarter. Macquarie Group Ltd. now owns 528,664 shares of the restaurant operator's stock worth $58,635,000 after acquiring an additional 206,466 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Cracker Barrel Old Country Store by 17.7% in the first quarter. Bank of New York Mellon Corp now owns 452,270 shares of the restaurant operator's stock valued at $37,638,000 after acquiring an additional 68,031 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cracker Barrel Old Country Store by 9.0% in the first quarter. Geode Capital Management LLC now owns 425,279 shares of the restaurant operator's stock valued at $35,379,000 after acquiring an additional 35,150 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 172.6% during the first quarter. AQR Capital Management LLC now owns 368,534 shares of the restaurant operator's stock worth $29,236,000 after purchasing an additional 233,337 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other 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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.
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