Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2027 earnings at $0.63 EPS.

CBRL has been the subject of several other research reports. Argus increased their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Citigroup increased their price objective on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.14.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $58.27 on Monday. The stock has a market cap of $1.30 billion, a PE ratio of 50.23 and a beta of 1.20. The stock has a 50-day moving average of $53.64 and a 200-day moving average of $39.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $63.15.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 0.01 earnings per share for the current year.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in shares of Cracker Barrel Old Country Store by 6,939.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,297,269 shares of the restaurant operator’s stock worth $69,144,000 after purchasing an additional 1,278,840 shares during the last quarter. Alliancebernstein L.P. raised its stake in Cracker Barrel Old Country Store by 1,068.2% in the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock valued at $74,655,000 after buying an additional 1,117,617 shares during the period. Franklin Resources Inc. lifted its position in shares of Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after buying an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $43,930,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $11,152,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.