Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Expected to Rise, Piper Sandler Analyst Says

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price increased by Piper Sandler from $44.00 to $46.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target suggests a potential downside of 3.83% from the stock’s current price.

A number of other research firms have also weighed in on CBRL. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group reduced their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.25.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock traded down $0.98 during midday trading on Monday, hitting $47.83. 230,619 shares of the company traded hands, compared to its average volume of 731,437. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The firm’s fifty day moving average price is $45.15 and its 200-day moving average price is $44.80. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.79 earnings per share. As a group, sell-side analysts forecast that Cracker Barrel Old Country Store will post 2.97 earnings per share for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% during 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 acquiring an additional 247 shares during the period. MML Investors Services LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $213,000. iSAM Funds UK Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $238,000. Point72 DIFC Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $264,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $2,526,000. 96.01% of the stock is owned by 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 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.