Citigroup Reaffirms Sell Rating for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “sell” rating reaffirmed by research analysts at Citigroup in a report issued on Friday, MarketBeat reports. They currently have a $42.00 target price on the restaurant operator’s stock, up from their previous target price of $39.00. Citigroup’s price target would suggest a potential downside of 25.91% from the stock’s previous close.

A number of other research firms also recently issued reports on CBRL. Loop Capital cut their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $54.00.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $56.69 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $1.26 billion, a PE ratio of 31.32, a P/E/G ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store has a twelve month low of $33.86 and a twelve month high of $65.43. The company has a 50-day moving average price of $44.26 and a two-hundred day moving average price of $49.20.

Insiders Place Their Bets

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 31,800 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of $37.31 per share, with a total value of $1,186,458.00. Following the acquisition, the insider now directly owns 2,484,000 shares of the company’s stock, valued at $92,678,040. This represents a 1.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 385,307 shares of company stock worth $15,679,910 in the last quarter. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its position in Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after buying an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after purchasing an additional 417 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $25,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock worth $707,000 after acquiring an additional 754 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Company Profile

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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.