StockNews.com Downgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to Sell

StockNews.com lowered shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a report released on Saturday.

CBRL has been the subject of a number of other reports. Piper Sandler upped their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, November 18th. Loop Capital increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Down 2.7 %

NASDAQ:CBRL opened at $47.00 on Friday. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21. The company has a 50-day moving average of $55.77 and a 200 day moving average of $48.86. The firm has a market cap of $1.05 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after purchasing an additional 321 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cracker Barrel Old Country Store by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after purchasing an additional 417 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. 96.01% of the stock is 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.