Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Rating Upgraded by Freedom Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on CBRL. Bank of America cut their target price on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, March 5th. Gordon Haskett raised shares of Cracker Barrel Old Country Store to a “strong sell” rating in a report on Wednesday, December 10th. Wells Fargo & Company lifted their target price on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, UBS Group lifted their target price on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Stock Performance

CBRL traded up $0.57 during trading on Monday, reaching $28.99. 230,610 shares of the company’s stock were exchanged, compared to its average volume of 1,335,838. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $71.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market capitalization of $647.98 million, a P/E ratio of -161.06 and a beta of 1.24. The company’s fifty day simple moving average is $30.13 and its 200-day simple moving average is $31.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.35. The firm had revenue of $874.82 million during the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. As a group, research analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth $35,000. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth $37,000. Byrne Asset Management LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $51,000. Finally, CWM LLC boosted its stake in Cracker Barrel Old Country Store by 85.1% during the 4th quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 1,078 shares during the last quarter. 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.