While Cracker Barrel Old Country Store Inc has underperformed by -1.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CBRL fell by -23.01%, with highs and lows ranging from $83.51 to $34.88, whereas the simple moving average jumped by 10.36% in the last 200 days.
On November 18, 2024, Argus Upgraded Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) to Buy. A report published by Argus on August 06, 2024, Downgraded its rating to ‘Hold’ for CBRL. CL King also Downgraded CBRL shares as ‘Neutral’, setting a target price of $90 on the company’s shares in a report dated May 17, 2024. Piper Sandler Initiated an Neutral rating on July 18, 2023, and assigned a price target of $96. Argus March 24, 2023d its ‘Hold’ rating to ‘Buy’ for CBRL, as published in its report on March 24, 2023. CL King’s report from December 20, 2022 suggests a price prediction of $116 for CBRL shares, giving the stock a ‘Buy’ rating. UBS also rated the stock as ‘Neutral’.
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Analysis of Cracker Barrel Old Country Store Inc (CBRL)
The current dividend for CBRL investors is set at $3.10 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 2.58%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Cracker Barrel Old Country Store Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 8.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CBRL is recording an average volume of 704.58K. On a monthly basis, the volatility of the stock is set at 6.18%, whereas on a weekly basis, it is put at 5.39%, with a gain of 7.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.57, showing decline from the present price of $55.71, which can serve as yet another indication of whether CBRL is worth investing in or should be passed over.
How Do You Analyze Cracker Barrel Old Country Store Inc Shares?
Cracker Barrel Old Country Store Inc (CBRL) is based in the USA and is one of the most prominent companies operating in the Restaurants market. When comparing Cracker Barrel Old Country Store Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 30.89, there is a growth in quarterly earnings of -11.75%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CBRL shares are owned by institutional investors to the tune of 89.09% at present.
