Cracker Barrel Old Country Store (NASDAQ:CBRL) Coverage Initiated at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) in a research report issued on Friday, Marketbeat.com reports. The firm set an “equal weight” rating and a $42.00 price target on the restaurant operator’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 6.01% from the stock’s current price.

Several other research analysts have also recently issued reports on CBRL. Zacks Research cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Citigroup cut their target price on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. UBS Group reiterated a “neutral” rating and issued a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Finally, Argus cut their price objective on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Reduce” and an average target price of $50.88.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $39.62 on Friday. Cracker Barrel Old Country Store has a 12 month low of $33.85 and a 12 month high of $71.93. The stock has a market cap of $882.30 million, a PE ratio of 19.14 and a beta of 1.32. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $50.16 and its 200-day moving average price is $53.10.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 EPS for the quarter. The firm had revenue of $845.09 million for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. On average, equities analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GMT Capital Corp purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $78,750,000. Jump Financial LLC purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $389,000. Trexquant Investment LP purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $4,795,000. Capital Investment Counsel Inc increased its holdings in Cracker Barrel Old Country Store by 53.2% in the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock worth $1,104,000 after acquiring an additional 9,875 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $342,000. 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.