Truist Financial Upgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to “Buy”

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by stock analysts at Truist Financial from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a $55.00 price objective on the restaurant operator’s stock, up from their previous price objective of $51.00. Truist Financial’s price objective points to a potential upside of 31.26% from the company’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler boosted their price target on shares of 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. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Bank of America increased their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on 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, Citigroup increased their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Stock Down 5.5 %

CBRL stock opened at $41.90 on Monday. The stock has a fifty day moving average of $53.54 and a 200-day moving average of $49.22. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $74.21. The company has a market capitalization of $932.65 million, a price-to-earnings ratio of 23.15, a PEG ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE increased its position in shares of Cracker Barrel Old Country Store by 365.0% in the third quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 2,548 shares during the last quarter. Versor Investments LP bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth $209,000. Aviance Capital Partners LLC raised its position in shares of Cracker Barrel Old Country Store by 84.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 19,438 shares of the restaurant operator’s stock valued at $882,000 after buying an additional 8,925 shares in the last quarter. Factorial Partners LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 52.9% during the 3rd quarter. Factorial Partners LLC now owns 26,000 shares of the restaurant operator’s stock worth $1,179,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after acquiring an additional 321 shares in the last quarter. 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.