Truist Financial Cuts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $68.00

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) had its price objective lowered by investment analysts at Truist Financial from $72.00 to $68.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price would indicate a potential upside of 20.61% from the company’s current price.

CBRL has been the subject of several other reports. Citigroup lifted their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, February 28th. UBS Group lowered their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Piper Sandler lowered their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $76.57.

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Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $56.38 on Wednesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 4.25 and a beta of 1.45. Cracker Barrel Old Country Store has a twelve month low of $54.87 and a twelve month high of $116.05. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $67.97 and a two-hundred day moving average of $71.40.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last announced its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same period last year, the firm earned $1.48 earnings per share. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Cracker Barrel Old Country Store will post 4.62 earnings per share for the current fiscal year.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock worth $176,257,000 after purchasing an additional 12,128 shares in the last quarter. BlackRock Inc. grew its stake in Cracker Barrel Old Country Store by 0.8% during the 1st quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock valued at $302,682,000 after acquiring an additional 21,310 shares in the last quarter. Earnest Partners LLC grew its stake in Cracker Barrel Old Country Store by 1.9% during the 3rd quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator’s stock valued at $129,056,000 after acquiring an additional 35,042 shares in the last quarter. State Street Corp grew its stake in Cracker Barrel Old Country Store by 13.0% during the 1st quarter. State Street Corp now owns 848,891 shares of the restaurant operator’s stock valued at $96,434,000 after acquiring an additional 97,728 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Cracker Barrel Old Country Store by 7.3% during the 1st quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator’s stock valued at $85,540,000 after acquiring an additional 50,927 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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