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

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target hoisted by investment analysts at Truist Financial from $45.00 to $47.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target indicates a potential upside of 59.65% from the company’s current price.

A number of other research analysts have also recently issued reports on CBRL. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Bank of America cut their price objective on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wells Fargo & Company dropped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Finally, Citigroup upped their price target on shares of 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 analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $37.75.

Cracker Barrel Old Country Store Stock Down 5.2%

Shares of NASDAQ CBRL opened at $29.44 on Thursday. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $71.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.16 and a current ratio of 0.49. The stock has a market cap of $657.98 million, a P/E ratio of -163.55 and a beta of 1.24. The firm has a 50 day moving average price of $31.01 and a 200 day moving average price of $35.96.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.35. The company had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. Analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of the company’s 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 completion of the transaction, the insider owned 2,240,200 shares of the company’s stock, valued at $57,259,512. This represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 254,400 shares of company stock valued at $6,661,464. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hussman Strategic Advisors Inc. bought a new position in Cracker Barrel Old Country Store in the third quarter valued at $2,776,000. TrueMark Investments LLC lifted its position in Cracker Barrel Old Country Store by 1,754.1% during the 3rd quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator’s stock worth $4,667,000 after buying an additional 100,212 shares in the last quarter. Entropy Technologies LP bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $678,000. Allianz Asset Management GmbH boosted its stake in shares of Cracker Barrel Old Country Store by 66.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock worth $20,104,000 after buying an additional 182,533 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 31.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,829 shares of the restaurant operator’s stock valued at $4,326,000 after acquiring an additional 17,147 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Cracker Barrel Old Country Store

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

• Positive Sentiment: Q2 earnings beat expectations — Cracker Barrel reported $0.25 EPS versus a consensus loss, which provided near‑term relief and supported after‑hours strength following the print. Zacks: Q2 Earnings Beat
• Positive Sentiment: Analyst support — multiple firms raised price targets (e.g., Truist to $47 with a Buy, Wells Fargo to $35 Equal Weight, UBS to $31 Neutral), which can limit downside and attract buyers who follow analyst revisions. Truist PT Raise
• Positive Sentiment: Dividend reinstated — the company declared a $0.25 quarterly dividend (annualized yield ~3.3%), which supports income‑oriented investors and reduces selling pressure from yield seekers.
• Neutral Sentiment: Company messaging and calls — management hosted the Q2 call and released transcripts; commentary framed as “progress amid pressure,” but execution details and timing remain uncertain. TipRanks: Earnings Call Summary
• Neutral Sentiment: Rebuild plans after logo controversy — the company has outlined steps to fix brand and operations after last year’s logo backlash; this reduces long‑term reputational risk but the financial payoff is unclear. Inc: Plans to Rebuild
• Neutral Sentiment: Short‑interest data appears unreliable — recent entries show zero shares/NaN changes, so short‑interest signals are not informative for current move.
• Negative Sentiment: Revenue and comps weakness — revenues fell year‑over‑year (~7.9% in the quarter) and comps declined; management narrowed its FY26 sales outlook, which pressures near‑term growth expectations and valuation. Seeking Alpha: Results & Outlook
• Negative Sentiment: Ongoing reputational drag — major press coverage highlights that Cracker Barrel is still repairing its business after the logo fiasco; that continued scrutiny can weigh on traffic and investor confidence. WSJ: Works to Repair Business
• Negative Sentiment: Mixed analyst stance — Citigroup raised its target to $28 but kept a Sell rating, signaling continued analyst skepticism despite isolated PT lifts; this mixed messaging can keep sentiment volatile. Benzinga: Citi PT

Cracker Barrel Old Country Store Company Profile

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.