Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Lowered to $49.00 at Piper Sandler

Key Points

• Piper Sandler has lowered its target price for Cracker Barrel Old Country Store from $56.00 to $49.00, maintaining a "neutral" rating for the stock, which suggests a 1.19% downside from current prices.
• The company's stock recently experienced a 3.2% drop, and in its last quarterly earnings report, Cracker Barrel missed earnings expectations while earning $0.74 per share on $868.01 million in revenue.
• Analysts' consensus is a "Hold" rating with a target price of $53.71, indicating mixed sentiments among various financial institutions regarding the stock's future performance.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its target price decreased by equities researchers at Piper Sandler from $56.00 to $49.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price objective indicates a potential upside of 12.64% from the stock's previous close.

Several other analysts have also weighed in on CBRL. Bank of America upped their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Loop Capital upped their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Citigroup upped their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a "sell" rating in a research report on Monday, September 8th. Truist Financial reduced their price objective on Cracker Barrel Old Country Store from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday. Finally, UBS Group restated a "neutral" rating and issued a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.43.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock traded down $2.30 during trading hours on Thursday, hitting $43.50. The stock had a trading volume of 3,173,720 shares, compared to its average volume of 2,096,915. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.26. The stock has a market capitalization of $968.75 million, a price-to-earnings ratio of 21.01 and a beta of 1.41. Cracker Barrel Old Country Store has a 1-year low of $33.85 and a 1-year high of $71.93. The stock's fifty day moving average is $58.32 and its two-hundred day moving average is $52.82.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $868.01 million during the quarter, compared to analyst estimates of $853.90 million. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the business. GMT Capital Corp lifted its position in Cracker Barrel Old Country Store by 39.7% during the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator's stock worth $173,082,000 after buying an additional 805,100 shares during the period. Alliancebernstein L.P. lifted its position in Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator's stock worth $74,655,000 after buying an additional 1,117,617 shares during the period. Balyasny Asset Management L.P. purchased a new position in Cracker Barrel Old Country Store during the second quarter worth about $43,930,000. Geode Capital Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 546,006 shares of the restaurant operator's stock worth $33,354,000 after purchasing an additional 11,409 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Cracker Barrel Old Country Store by 1.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 486,312 shares of the restaurant operator's stock worth $29,704,000 after purchasing an additional 5,934 shares during the period. 96.01% of the stock is currently owned by hedge funds and other 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.