Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 3.8%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded up 3.8% during trading on Monday . The stock traded as high as $40.72 and last traded at $40.72. 25,806 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 739,396 shares. The stock had previously closed at $39.22.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Cracker Barrel Old Country Store from $46.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Loop Capital reduced their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 20th. Citigroup lowered their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Finally, Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.29.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock has a 50 day simple moving average of $40.84 and a two-hundred day simple moving average of $50.76. The company has a market cap of $890.89 million, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently modified their holdings of CBRL. Hazlett Burt & Watson Inc. boosted its holdings in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC increased its stake in Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the last quarter. GAMMA Investing LLC raised its position in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at $73,000. Finally, nVerses Capital LLC grew its holdings in shares of Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other 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.