CL King Lowers Cracker Barrel Old Country Store (NASDAQ:CBRL) to Neutral

Cracker Barrel Old Country Store (NASDAQ:CBRL) was downgraded by research analysts at CL King from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Analyst Ratings Network reports.

Several other research firms have also weighed in on CBRL. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $135.00 target price on the stock. in a report on Thursday, February 25th. MKM Partners boosted their price objective on Cracker Barrel Old Country Store from $155.00 to $160.00 in a research report on Thursday, April 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cracker Barrel Old Country Store in a report on Monday, March 29th. They set a “buy” rating and a $195.00 target price on the stock. Telsey Advisory Group upped their price target on shares of Cracker Barrel Old Country Store from $165.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, March 12th. Finally, Truist downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a research report on Monday, February 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $155.27.

Cracker Barrel Old Country Store stock opened at $171.59 on Thursday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 43.22 and a beta of 1.39. The business has a 50-day moving average of $168.14 and a 200-day moving average of $142.33. The company has a current ratio of 1.86, a quick ratio of 1.50 and a debt-to-equity ratio of 1.54. Cracker Barrel Old Country Store has a 1 year low of $77.05 and a 1 year high of $178.82.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Monday, February 22nd. The restaurant operator reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Cracker Barrel Old Country Store had a return on equity of 3.54% and a net margin of 3.92%. The firm had revenue of $677.17 million during the quarter, compared to analyst estimates of $676.88 million. During the same quarter last year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was down 20.0% on a year-over-year basis. Research analysts anticipate that Cracker Barrel Old Country Store will post 4.4 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 3.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 69,051 shares of the restaurant operator’s stock valued at $11,159,000 after purchasing an additional 2,106 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $220,000. Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at about $1,407,000. Jeppson Wealth Management LLC bought a new stake in Cracker Barrel Old Country Store during the third quarter worth about $39,000. Finally, Virtu Financial LLC bought a new stake in Cracker Barrel Old Country Store during the third quarter worth about $414,000. 74.78% of the stock is currently owned by institutional investors and hedge funds.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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