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

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price increased by equities research analysts at Truist Financial from $48.00 to $51.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price target suggests a potential downside of 11.41% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Loop Capital increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Argus raised 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, November 18th. UBS Group lifted their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Piper Sandler upped their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Bank of America lifted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Trading Up 0.8 %

NASDAQ CBRL opened at $57.57 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $82.98. The company’s fifty day moving average price is $52.47 and its two-hundred day moving average price is $46.22.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth about $45,000. Public Employees Retirement System of Ohio grew its holdings in 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 worth $61,000 after buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $79,000. nVerses Capital LLC increased its position in Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares during the period. Finally, GAMMA Investing LLC raised its stake in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Institutional investors and hedge funds 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.