UBS Group Reaffirms Neutral Rating for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store (NASDAQ:CBRL)‘s stock had its “neutral” rating reissued by UBS Group in a report released on Monday, MarketBeat reports. They currently have a $69.00 price target on the restaurant operator’s stock, up from their prior price target of $60.00. UBS Group’s price objective suggests a potential upside of 8.00% from the stock’s previous close.

CBRL has been the subject of several other reports. Citigroup reaffirmed a “sell” rating and set a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Loop Capital raised their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, June 6th. Bank of America raised their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, June 6th. Finally, Truist Financial raised their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.14.

Cracker Barrel Old Country Store Trading Down 0.8%

NASDAQ CBRL opened at $63.89 on Monday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 24.76, a PEG ratio of 6.00 and a beta of 1.45. The business has a fifty day simple moving average of $58.67 and a 200 day simple moving average of $51.60. Cracker Barrel Old Country Store has a 12 month low of $33.86 and a 12 month high of $69.33. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04.

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

Insiders Place Their Bets

In other news, major shareholder Gmt Capital Corp acquired 53,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $44.60 per share, with a total value of $2,363,800.00. Following the acquisition, the insider owned 2,833,700 shares in the company, valued at $126,383,020. The trade was a 1.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 221,107 shares of company stock valued at $9,546,581. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock valued at $138,142,000 after buying an additional 13,305 shares in the last quarter. GMT Capital Corp purchased a new position in Cracker Barrel Old Country Store during the 1st quarter valued at about $78,750,000. Marshall Wace LLP grew its holdings in Cracker Barrel Old Country Store by 151.9% during the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after buying an additional 462,542 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cracker Barrel Old Country Store by 2.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock valued at $34,271,000 after buying an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Cracker Barrel Old Country Store by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock valued at $18,584,000 after buying an additional 50,905 shares in 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 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.