Cracker Barrel Old Country Store Inc (CBRL) stock hits $43.60: Is it a good time to buy or wait for a dip?

Cracker Barrel Old Country Store Inc [CBRL] stock prices are up 0.67% to $43.60 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CBRL shares have gain 4.91% over the last week, with a monthly amount glided 5.59%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cracker Barrel Old Country Store Inc [NASDAQ: CBRL] stock has seen the most recent analyst activity on August 06, 2024, when Argus downgraded its rating to a Hold. Previously, CL King downgraded its rating to Neutral on May 17, 2024, and kept the price target unchanged to $90. On July 18, 2023, Piper Sandler initiated with a Neutral rating and assigned a price target of $96 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $126 on March 24, 2023. UBS started tracking with a Neutral rating for this stock on December 16, 2022, and assigned it a price target of $105. In a note dated August 02, 2022, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $109 to $100.

The stock price of Cracker Barrel Old Country Store Inc [CBRL] has been fluctuating between $34.88 and $83.51 over the past year. Currently, Wall Street analysts expect the stock to reach $73.38 within the next 12 months. Cracker Barrel Old Country Store Inc [NASDAQ: CBRL] shares were valued at $43.60 at the most recent close of the market. An investor can expect a potential return of 68.3% based on the average CBRL price forecast.

Analyzing the CBRL fundamentals

The Cracker Barrel Old Country Store Inc [NASDAQ:CBRL] reported sales of 3.47B for trailing twelve months, representing a surge of 6.89%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.11.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.78 points at the first support level, and at 41.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.43, and for the 2nd resistance point, it is at 45.25.

Ratios To Look Out For

It’s worth pointing out that Cracker Barrel Old Country Store Inc [NASDAQ:CBRL]’s Current Ratio is 0.61. On the other hand, the Quick Ratio is 0.21, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 2.20 and price to earnings (TTM) ratio is 23.81.

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