Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $47.00 at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price raised by research analysts at Truist Financial from $45.00 to $47.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price would suggest a potential upside of 40.93% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday, December 29th. Zacks Research raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, January 20th. Citigroup raised their target price on Cracker Barrel Old Country Store from $20.00 to $24.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. Finally, Bank of America decreased their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a research note on Friday, December 19th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Reduce” and a consensus target price of $36.00.

Cracker Barrel Old Country Store Stock Up 8.9%

CBRL stock opened at $33.35 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $30.85 and a two-hundred day moving average of $36.21. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $71.93. The company has a market cap of $744.64 million, a price-to-earnings ratio of 44.47 and a beta of 1.24.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The business had revenue of $874.82 million during the quarter, compared to analyst estimates of $862.89 million. During the same period in the prior year, the business earned $1.38 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year. As a group, analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 254,400 shares of company stock worth $6,661,464 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in Cracker Barrel Old Country Store by 1,068.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after purchasing an additional 1,117,617 shares during the period. Franklin Resources Inc. grew its position in shares of Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after buying an additional 923,409 shares in the last quarter. GMT Capital Corp increased its stake in shares of Cracker Barrel Old Country Store by 39.7% during the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock worth $173,082,000 after buying an additional 805,100 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $43,930,000. Finally, Marshall Wace LLP purchased a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $5,225,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Cracker Barrel Old Country Store

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

• Positive Sentiment: Q2 EPS beat and revenue slightly above estimates — Cracker Barrel reported $0.25 EPS vs. a consensus loss of ($0.10) and revenue of $874.8M vs. ~$862.9M, which helped avoid a bigger selloff after a weak prior year comparison. PR: Q2 Results & Outlook
• Positive Sentiment: Dividend declared — CBRL announced a $0.25 quarterly dividend (annualized yield ~3.3%), which supports income-oriented shareholders and can provide baseline support for the stock around the ex-dividend date (Apr 10).
• Neutral Sentiment: Full earnings and call transcripts available — Investors can review the conference call and transcripts for management commentary and detail on traffic, menu pricing, and cost trends. SA: Q2 2026 Earnings Call Transcript Yahoo: Earnings Transcript
• Negative Sentiment: Revenue and profit weakened year-over-year — Q2 revenue fell ~7.9% vs. last year and EPS is down sharply from $1.38 a year earlier, signaling ongoing demand and margin pressures. MarketBeat: Q2 Summary
• Negative Sentiment: Guidance trimmed/narrowed and shy of consensus — Management updated FY26 revenue guidance to roughly $3.2B–$3.3B vs. the street near $3.3B, leaving less upside and increasing sensitivity to execution on the turnaround. SA: Narrows FY26 Sales Outlook
• Negative Sentiment: Analyst and media skepticism about the turnaround — Commentary (including a Seeking Alpha piece recommending a downgrade and a WSJ story noting the company is still repairing its business after last year’s failed logo change) reinforces concerns about execution and brand recovery. SA: Surprised but Deserves Downgrade WSJ: Repairing the 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.