Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Cut to $159.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective decreased by Truist Securities from $178.00 to $159.00 in a research report sent to investors on Wednesday, Price Targets.com reports. Truist Securities currently has a hold rating on the restaurant operator’s stock.

CBRL has been the subject of several other reports. 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 note on Friday, May 28th. Truist raised their price objective on shares of Cracker Barrel Old Country Store from $171.00 to $178.00 and gave the stock a hold rating in a research report on Friday, June 18th. Finally, Wells Fargo & Company cut their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store presently has an average rating of Hold and a consensus target price of $167.78.

Shares of NASDAQ:CBRL opened at $138.61 on Wednesday. Cracker Barrel Old Country Store has a 52-week low of $106.92 and a 52-week high of $178.82. The company has a market capitalization of $3.29 billion, a P/E ratio of 13.55 and a beta of 1.51. The company has a 50-day simple moving average of $138.99 and a 200 day simple moving average of $153.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.32.

Several institutional investors and hedge funds have recently made changes to their positions in CBRL. Assetmark Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 565.2% during the first quarter. Assetmark Inc. now owns 153 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 130 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Cracker Barrel Old Country Store by 117.8% during the second quarter. Rockefeller Capital Management L.P. now owns 196 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 106 shares during the period. Certified Advisory Corp bought a new position in Cracker Barrel Old Country Store in the first quarter valued at approximately $32,000. Cullen Frost Bankers Inc. bought a new position in Cracker Barrel Old Country Store in the second quarter valued at approximately $36,000. Finally, Accel Wealth Management increased its stake in Cracker Barrel Old Country Store by 172.4% in the second quarter. Accel Wealth Management now owns 316 shares of the restaurant operator’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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