Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $35.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective raised by Wells Fargo & Company from $30.00 to $35.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Other analysts also recently issued reports about the stock. Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday. Bank of America decreased their target price 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. Piper Sandler lowered their price target on shares of Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. UBS Group increased 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 report on Thursday. Finally, Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $37.75.

Cracker Barrel Old Country Store Trading Down 5.2%

Cracker Barrel Old Country Store stock opened at $29.44 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. 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 market capitalization of $657.98 million, a price-to-earnings ratio of -163.55 and a beta of 1.24. The stock has a 50-day moving average price of $31.01 and a 200 day moving average price of $35.79.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly 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 negative net margin of 0.12% and a positive return on equity of 4.25%. The company had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same quarter in the prior year, the company earned $1.38 EPS. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% on a year-over-year basis. Sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Friday, April 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, April 10th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 133.33%.

Insiders Place Their Bets

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store 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 completion of the transaction, the insider owned 2,240,200 shares of the company’s stock, 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 a total of 254,400 shares of company stock valued at $6,661,464 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

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

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 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.