Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $35.00 Price Target at Wells Fargo & Company

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective increased by stock analysts at Wells Fargo & Company from $30.00 to $35.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 15.25% from the stock’s current price.

Several other equities analysts have also weighed in on CBRL. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday, December 29th. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, January 20th. Finally, Citigroup increased their price target on Cracker Barrel Old Country Store from $20.00 to $24.00 and gave the company a “sell” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $37.25.

Cracker Barrel Old Country Store Stock Down 0.8%

Shares of CBRL traded down $0.25 during mid-day trading on Thursday, reaching $30.37. The company’s stock had a trading volume of 1,354,304 shares, compared to its average volume of 1,435,240. The business has a fifty day moving average of $30.85 and a 200 day moving average of $36.21. The company has a market cap of $678.10 million, a price-to-earnings ratio of 40.49 and a beta of 1.24. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $71.93. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.35. The firm had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.During the same period in the previous year, the firm earned $1.38 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the sale, the insider owned 2,240,200 shares of the company’s stock, valued at approximately $57,259,512. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 254,400 shares of company stock worth $6,661,464 in the last 90 days. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store in the third quarter valued at $26,000. Assetmark Inc. boosted its position in shares of Cracker Barrel Old Country Store by 517.3% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $35,000. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Finally, Byrne Asset Management LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store News Summary

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Truist raised its price target to $47 and kept a “buy” rating, implying ~55% upside vs. current levels — a clear positive analyst signal for investors. Truist lifts price target on Cracker Barrel to $47
• Positive Sentiment: Company declared a quarterly dividend of $0.25 (annualized yield ~3.3%), supporting income-oriented holders and providing a floor to equity value.
• Positive Sentiment: Q2 results beat headlines: EPS $0.25 vs. consensus (-$0.10) and revenue ~$874.8M vs. $862.9M est. — the beat reduces near-term downside risk from the quarter. CRACKER BARREL REPORTS SECOND QUARTER FISCAL 2026 RESULTS
• Neutral Sentiment: Earnings call and full transcripts are available for investors who want management commentary on comps, margins and the outlook. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst writeups and metric breakdowns (Zacks, Yahoo Finance summaries) provide deeper detail on comps, margins and same‑store trends for investors doing due diligence. Here’s What Key Metrics Tell Us About Cracker Barrel Q2 Earnings
• Neutral Sentiment: Reported short‑interest data in filings appears anomalous/zeroed out and offers no clear signal to traders at this time.
• Negative Sentiment: Management updated FY2026 guidance with revenue shown roughly in a $3.2B–$3.3B band versus consensus near $3.3B — the cautious top‑line outlook tempers enthusiasm from the quarter’s beat. Q2 press release and outlook
• Negative Sentiment: Coverage and opinion pieces (Seeking Alpha, WSJ) note that Cracker Barrel is still repairing its business after last year’s branding misstep and some analysts argue the stock still merits a downgrade despite the beat. Cracker Barrel Surprised In A Good Way, But Still Deserves A Downgrade Cracker Barrel Works to Repair Its Business

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.