Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $60.00 at UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) had its price target lifted by equities researchers at UBS Group from $48.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. UBS Group's price objective would suggest a potential upside of 3.86% from the company's previous close.

A number of other brokerages have also recently issued reports on CBRL. Loop Capital lowered their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Citigroup reiterated a "sell" rating and issued a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Finally, Truist Financial set a $63.00 price objective on Cracker Barrel Old Country Store in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and a consensus price target of $54.00.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock traded up $1.48 during mid-day trading on Tuesday, reaching $57.77. The company had a trading volume of 1,007,333 shares, compared to its average volume of 807,991. The business has a fifty day simple moving average of $46.64 and a 200 day simple moving average of $49.72. The company has a market cap of $1.29 billion, a P/E ratio of 31.92, 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. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp purchased 26,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average price of $43.05 per share, for a total transaction of $1,140,825.00. Following the completion of the acquisition, the insider now owns 2,542,300 shares of the company's stock, valued at $109,446,015. This represents a 1.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 385,307 shares of company stock valued at $15,679,910. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth approximately $25,000. Brooklyn Investment Group bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $56,000. 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.