Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $28.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target upped by Citigroup from $24.00 to $28.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a sell rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price objective on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, December 29th. Bank of America dropped their target price on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company 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 report on Monday, December 8th. Finally, Truist Financial raised their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Reduce” and an average price target of $37.75.

Cracker Barrel Old Country Store Price Performance

CBRL stock 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 firm has a market capitalization of $657.98 million, a P/E ratio of -163.55 and a beta of 1.24. The company has a fifty day simple moving average of $31.01 and a two-hundred day simple moving average of $35.79. 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 (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. The firm had revenue of $874.82 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Analysts anticipate that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders 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 dividend yield of 3.4%. The ex-dividend date is Friday, April 10th. Cracker Barrel Old Country Store’s payout ratio is 133.33%.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was 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 in the company, valued at approximately $57,259,512. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 254,400 shares of company stock worth $6,661,464 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its position in Cracker Barrel Old Country Store by 107.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 645 shares during the last quarter. Hamilton Wealth LLC bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $219,000. Invesco Ltd. boosted its stake in shares of Cracker Barrel Old Country Store by 46.5% during the fourth quarter. Invesco Ltd. now owns 477,595 shares of the restaurant operator’s stock valued at $12,131,000 after purchasing an additional 151,633 shares during the period. Empowered Funds LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $2,659,000. Finally, SummitTX Capital L.P. grew its holdings in shares of Cracker Barrel Old Country Store by 526.0% in the fourth quarter. SummitTX Capital L.P. now owns 107,626 shares of the restaurant operator’s stock worth $2,734,000 after purchasing an additional 90,434 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Trending Headlines about 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

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.