Wells Fargo & Company Increases Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $35.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price increased by Wells Fargo & Company from $30.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target points to a potential upside of 18.89% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, January 20th. Bank of America lowered their target price 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. Gordon Haskett raised Cracker Barrel Old Country Store to a “strong sell” rating in a report on Wednesday, December 10th. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, UBS Group upped their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Reduce” and an average price target of $37.75.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $29.44 on Thursday. The stock has a market cap of $657.98 million, a PE ratio of -163.55 and a beta of 1.24. 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 firm has a 50-day moving average of $31.01 and a 200-day moving average of $35.96. Cracker Barrel Old Country Store has a 52-week low of $24.85 and a 52-week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. The business 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%. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. On average, sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Insider Activity 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 shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the completion of the sale, the insider directly owned 2,240,200 shares in the company, valued at approximately $57,259,512. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 254,400 shares of company stock worth $6,661,464 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in CBRL. Alliancebernstein L.P. increased its stake 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 acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. lifted its position in shares of Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after acquiring an additional 923,409 shares during the period. GMT Capital Corp grew its holdings in shares of Cracker Barrel Old Country Store by 39.7% during the 2nd quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock worth $173,082,000 after purchasing an additional 805,100 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $43,930,000. Finally, Marshall Wace LLP bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $5,225,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store News Roundup

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

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.