Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) saw a downside of -3.48% to close Friday at $66.75 after subtracting -$2.41 on the day. The 5-day average trading volume is 536,300 shares of the company’s common stock. It has gained $70.71 in the past week and touched a new high 3 times within the past 5 days. An average of 653,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 555,398.
CBRL’s 1-month performance is -19.14% or -$16.78 on its low of $66.28 reached on 09/22/23. The company’s shares have touched a 52-week low of $68.37 and high of $121.17, with the stock’s rally to the 52-week high happening on 04/12/23. YTD, CBRL has lost -29.54% or -$27.99 and has reached a new high 14 times. However, the current price is down -44.91% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
CBRL stock investors last saw insider trading activity on Sep 22.COCHRAN SANDRA B (President & CEO) most recently sold 24,700 shares at $67.13 per share on Sep 22. This transaction cost the insider $1,658,111.
Valuation Metrics
CBRL stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.43 while the price-to-book (PB) in the most recent quarter is 3.06, with the price to cash flow ratio at 11.82.
Cracker Barrel Old Country Store Inc’s quick ratio for the period ended July 30 was 0.19, with the current ratio over the same period at 0.58. As well, the company’s long term debt to equity for the quarter ending July 30 was 2.31, while the total debt to equity was 2.31. In terms of profitability, the gross margin trailing 12 months is 8.97%. The firm’s gross profit as reported stood at $2.32 billion against revenue of $3.44 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -96.99% to $13.97 million, while revenue of $30.49 million was -118.25% off the previous quarter. Analysts expected CBRL to announce $1.61 per share in earnings in its latest quarter, but it posted $1.79, representing a 11.20% surprise. CBRL stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 1.73 billion, with total debt at $1.12 billion.
Let’s look briefly at Cracker Barrel Old Country Store Inc (CBRL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 14.62% to suggest the stock is trending oversold, with historical volatility in this time period at 18.76%.
The stock’s 5-day moving average is $68.72, reflecting a -3.86% or -$2.68 change from its current price. CBRL is currently trading -18.21% above its 20-day SMA, -35.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.20% and SMA200 by-30.81%.
Stochastic %K and %D was 5.07% and 5.12% and the average true range (ATR) pointed at 2.46. The RSI (14) points at 18.39%, while the 14-day stochastic is at 3.24% with the period’s ATR at 2.44. The stock’s 9-day MACD Oscillator is pointing at -1.52 and -3.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cracker Barrel Old Country Store Inc (NASDAQ: CBRL), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for CBRL stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate CBRL as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is CBRL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $66.00 and a high of $100.00, with their median price target at $77.00. Looking at these predictions, the average price target given by analysts is for Cracker Barrel Old Country Store Inc (CBRL) stock is $80.13.
