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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $48.1429.

CBRL has been the topic of a number of recent research reports. Argus raised their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Bank of America raised their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Citigroup lifted their target price 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. Weiss Ratings upgraded Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th.

Cracker Barrel Old Country Store Stock Up 1.2%

Shares of NASDAQ:CBRL opened at $54.69 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $60.26. The business’s 50 day simple moving average is $54.87 and its two-hundred day simple moving average is $40.43. The firm has a market cap of $1.22 billion, a P/E ratio of 47.15 and a beta of 1.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS 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 company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Cracker Barrel Old Country Store will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the third quarter worth $26,000. Axiom Investment Management LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth about $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $35,000. Canada Pension Plan Investment Board bought a new position in Cracker Barrel Old Country Store during the second quarter valued at about $37,000. Finally, PNC Financial Services Group Inc. grew its position in Cracker Barrel Old Country Store by 22.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.