Citigroup Forecasts Strong Price Appreciation for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target increased by Citigroup from $24.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential downside of 4.89% from the stock’s previous close.

A number of other equities research analysts have also weighed in on CBRL. UBS Group boosted their price target on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America decreased their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. 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. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Stock Down 5.2%

Cracker Barrel Old Country Store stock opened at $29.44 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.16. The stock has a market capitalization of $657.98 million, a price-to-earnings ratio of -163.55 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 business has a fifty 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 announced 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. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The firm had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same period in the previous year, the business earned $1.38 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts forecast that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the company’s stock in a transaction 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 sale, the insider directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 254,400 shares of company stock valued at $6,661,464. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd purchased a new stake in Cracker Barrel Old Country Store in the third quarter valued at $26,000. Assetmark Inc. raised its stake 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 buying an additional 419 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.