Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of “Hold” by Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $37.75.

A number of research firms recently issued reports on CBRL. Citigroup upped their target price on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, March 5th. Wells Fargo & Company upped their target price on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Freedom Capital raised Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth $26,000. Axiom Investment Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $35,000. Canada Pension Plan Investment Board purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $37,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $34.22 on Friday. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $71.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The business’s 50 day simple moving average is $29.73 and its 200-day simple moving average is $29.58. The firm has a market capitalization of $764.82 million, a price-to-earnings ratio of -190.10 and a beta of 1.29.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The firm had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. During the same quarter in the prior year, the company earned $1.38 EPS. Cracker Barrel Old Country Store’s revenue was down 7.9% on a year-over-year basis. As a group, equities analysts forecast that Cracker Barrel Old Country Store will post -1.07 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.