Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Rating Upgraded by Zacks Research

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

Several other research firms have also recently commented on CBRL. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, July 28th. Finally, Citigroup lifted their price objective on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.14.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $58.27 on Monday. 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 has a 52 week low of $24.85 and a 52 week 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 stock has a market cap of $1.30 billion, a P/E ratio of 50.23 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. During the same period in the previous year, the firm posted $0.56 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts expect that Cracker Barrel Old Country Store will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. grew its position in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 321 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.