Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $47.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price upped by stock analysts at Citigroup from $45.00 to $47.00 in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a “sell” rating on the restaurant operator’s stock. Citigroup’s target price points to a potential downside of 6.67% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Loop Capital boosted their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, June 6th. Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, June 6th. UBS Group reaffirmed a “neutral” rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Finally, Truist Financial increased their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $55.86.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $50.36 on Monday. The stock has a 50-day simple moving average of $61.16 and a 200 day simple moving average of $52.59. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 19.52 and a beta of 1.41. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store has a 12-month low of $33.85 and a 12-month high of $71.93.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently made changes to their positions in CBRL. GMT Capital Corp lifted its stake in shares of Cracker Barrel Old Country Store by 39.7% in the 2nd quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after purchasing an additional 805,100 shares during the period. Alliancebernstein L.P. increased its holdings in Cracker Barrel Old Country Store by 1,068.2% in the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock valued at $74,655,000 after purchasing an additional 1,117,617 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store in the second quarter valued at about $43,930,000. Geode Capital Management LLC lifted its stake in Cracker Barrel Old Country Store by 2.1% in the second quarter. Geode Capital Management LLC now owns 546,006 shares of the restaurant operator’s stock valued at $33,354,000 after buying an additional 11,409 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Cracker Barrel Old Country Store by 1.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 486,312 shares of the restaurant operator’s stock worth $29,704,000 after buying an additional 5,934 shares during the last quarter. 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.