Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Lowered to $159.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective cut by stock analysts at Truist from $178.00 to $159.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Truist’s price target suggests a potential upside of 18.72% from the stock’s previous close.

CBRL has been the subject of several other reports. Wells Fargo & Company cut their target price on shares of Cracker Barrel Old Country Store from $164.00 to $137.00 and set an “underweight” rating for the company in a research report on Wednesday, September 8th. Truist Securities cut their target price on shares of Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating for the company in a research report on Wednesday. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research report on Friday, May 28th. Finally, MKM Partners cut their target price on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $166.20.

Shares of Cracker Barrel Old Country Store stock traded down $1.36 during trading on Wednesday, hitting $133.93. The stock had a trading volume of 5,622 shares, compared to its average volume of 296,492. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 13.09 and a beta of 1.51. Cracker Barrel Old Country Store has a 12 month low of $106.92 and a 12 month high of $178.82. The business’s 50-day moving average is $139.47 and its 200 day moving average is $154.00. The company has a current ratio of 1.32, a quick ratio of 1.03 and a debt-to-equity ratio of 0.89.

Hedge funds have recently added to or reduced their stakes in the stock. Teza Capital Management LLC raised its stake in Cracker Barrel Old Country Store by 846.5% in the second quarter. Teza Capital Management LLC now owns 16,677 shares of the restaurant operator’s stock worth $2,476,000 after buying an additional 14,915 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Cracker Barrel Old Country Store by 65.6% during the second quarter. GSA Capital Partners LLP now owns 17,190 shares of the restaurant operator’s stock valued at $2,552,000 after purchasing an additional 6,812 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Cracker Barrel Old Country Store by 81.6% during the first quarter. Prudential Financial Inc. now owns 8,841 shares of the restaurant operator’s stock valued at $1,529,000 after purchasing an additional 3,973 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of Cracker Barrel Old Country Store by 7.9% during the first quarter. Waddell & Reed Financial Inc. now owns 260,558 shares of the restaurant operator’s stock valued at $45,045,000 after purchasing an additional 19,075 shares in the last quarter. Finally, Citizens National Bank Trust Department bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $233,000. 88.38% of the stock is owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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

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