Zacks Research Upgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to “Strong-Buy”

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2027 earnings at $0.63 EPS.

Other equities analysts also recently issued research reports about the company. Piper Sandler reiterated a “neutral” rating and issued a $51.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Argus boosted their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Citigroup upped their target price on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $48.14.

Cracker Barrel Old Country Store Trading Up 0.4%

NASDAQ CBRL opened at $58.27 on Monday. The firm has a market cap of $1.30 billion, a PE ratio of 50.23 and a beta of 1.20. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $63.15. The stock has a 50-day moving average of $53.64 and a 200-day moving average of $39.21. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The firm had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Cracker Barrel Old Country Store will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in shares of Cracker Barrel Old Country Store by 6,939.3% during the second quarter. California State Teachers Retirement System now owns 1,297,269 shares of the restaurant operator’s stock valued at $69,144,000 after purchasing an additional 1,278,840 shares during the last quarter. Alliancebernstein L.P. boosted 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 worth $74,655,000 after purchasing an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $43,930,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter valued at $11,152,000. 96.01% of the stock is currently owned by institutional investors.

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.