Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Rating Upgraded by StockNews.com

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Several other research analysts also recently commented on CBRL. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, November 18th. Piper Sandler lifted their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Loop Capital raised their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $41.23 on Friday. The company’s fifty day moving average price is $55.05 and its 200-day moving average price is $49.18. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The firm has a market capitalization of $917.74 million, a price-to-earnings ratio of 22.78, a PEG ratio of 8.36 and a beta of 1.48. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $74.21.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 487 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $56,000. Public Employees Retirement System of Ohio increased its position in shares of Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store in the third quarter worth about $79,000. 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.