UBS Group Increases Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $69.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price boosted by stock analysts at UBS Group from $60.00 to $69.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price objective suggests a potential upside of 8.00% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Citigroup reissued a “sell” rating and set a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, June 13th. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, June 6th. Finally, Loop Capital upped their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $55.14.

Cracker Barrel Old Country Store Trading Down 0.8%

NASDAQ:CBRL opened at $63.89 on Monday. Cracker Barrel Old Country Store has a one year low of $33.86 and a one year high of $69.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The firm has a market cap of $1.42 billion, a P/E ratio of 24.76, a P/E/G ratio of 6.00 and a beta of 1.45. The firm has a 50-day simple moving average of $58.67 and a 200-day simple moving average of $51.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. Cracker Barrel Old Country Store’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $44.60 per share, with a total value of $2,363,800.00. Following the completion of the acquisition, the insider owned 2,833,700 shares of the company’s stock, valued at approximately $126,383,020. This represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 221,107 shares of company stock worth $9,546,581 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Cracker Barrel Old Country Store during the first quarter worth $25,000. Sterling Capital Management LLC raised its position in 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 acquiring an additional 487 shares during the period. Brooklyn Investment Group acquired a new position in Cracker Barrel Old Country Store during the first quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Cracker Barrel Old Country Store during the first quarter worth $45,000. Finally, Russell Investments Group Ltd. raised its position in Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 922 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.