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.
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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