Argus has recently reduced Cracker Barrel Old Country Store, Inc. (CBRL) stock to Hold rating, as announced on August 6, 2024, according to Finviz. Earlier, on May 17, 2024, CL King had reduced the stock from a Buy to Neutral, setting a price target of $90. Piper Sandler also initiated Neutral rating with a price target of $$96. Additionally, Argus raised Buy rating on March 24, 2023, with a target price of $126. CL King analysts, in their report published on December 20, 2022, also resumed Buy rating and set a price target of $116 for Cracker Barrel Old Country Store, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Cracker Barrel Old Country Store, Inc. (CBRL) Stock Trading Recap
On Friday, Cracker Barrel Old Country Store, Inc. (CBRL) stock saw a decline, ending the day at $40.83 which represents a decrease of $-0.05 or -0.12% from the prior close of $40.88. The stock opened at $41.09 and touched a low of $40.72 during the day, reaching a high of $43.43. The volume of shares traded was 0.79 million exceeding the average volume of 0.75 million.
CBRL Stock Performance and Moving Averages
In recent trading, Cracker Barrel Old Country Store, Inc. (CBRL) stock price has shown some volatility, fluctuating 0.64% over the last five trades and -5.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -42.04%, and it has plunged by -10.60% in the previous three months. Currently, CBRL is trading at -1.20%, -3.20%, and -33.17% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CBRL, a Consumer Cyclical sector stock, is trading -51.49% below its 52-week high but remains 9.73% above its 52-week low. The Average True Range (ATR) (14 days) of 2.01 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Cracker Barrel Old Country Store, Inc.’s Profitability and Valuation Ratios
Cracker Barrel Old Country Store, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 2.69% and a profit margin of 1.77%, with a gross margin of -42.04%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Cracker Barrel Old Country Store, Inc.’s market capitalization stands at $906.43 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.1, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.73. Additionally, the Price-to-Sales Ratio is 0.27, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.13, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.26% of Cracker Barrel Old Country Store, Inc. (CBRL)’s shares, while financial institutions hold 97.75%.
Notable insider trades include COCHRAN SANDRA B, President & CEO at Cracker Barrel Old Country Store, Inc. (CBRL), who sold 24700 shares on Sep 22 ’23, at $67.13 each, totaling $1.66 million.
