Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 3.8%

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shot up 3.8% during trading on Monday . The company traded as high as $40.72 and last traded at $40.72. 25,806 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 739,396 shares. The stock had previously closed at $39.22.

Analyst Ratings Changes

CBRL has been the topic of a number of recent analyst reports. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Bank of America lowered their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Citigroup cut their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, May 31st. Finally, Loop Capital decreased their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.29.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock has a fifty day simple moving average of $40.84 and a 200-day simple moving average of $50.76. The company has a market capitalization of $890.89 million, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.94 and a beta of 1.42.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in CBRL. Vanguard Group Inc. increased its holdings in Cracker Barrel Old Country Store by 0.3% in the first quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock valued at $190,263,000 after buying an additional 6,804 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Cracker Barrel Old Country Store by 0.4% in the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after purchasing an additional 7,587 shares in the last quarter. Marshall Wace LLP acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth about $25,636,000. Norges Bank purchased a new position in Cracker Barrel Old Country Store during the fourth quarter worth approximately $10,727,000. Finally, Principal Financial Group Inc. grew its holdings in Cracker Barrel Old Country Store by 0.3% in the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after purchasing an additional 381 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.