Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $47.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Truist Financial from $45.00 to $47.00 in a research note published on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

CBRL has been the subject of several other research reports. Bank of America lowered 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 note on Friday, December 19th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, January 20th. Wells Fargo & Company decreased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on 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 opened at $29.44 on Thursday. The stock’s 50-day moving average price is $31.01 and its 200 day moving average price is $35.79. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $71.93. The firm has a market cap of $657.98 million, a price-to-earnings ratio of -163.55 and a beta of 1.24. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.90.

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

Cracker Barrel Old Country Store Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. Cracker Barrel Old Country Store’s payout ratio is currently 133.33%.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were 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 in the company, valued at $57,259,512. The trade was a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 254,400 shares of company stock worth $6,661,464. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in shares of 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 purchasing an additional 1,117,617 shares during the last quarter. Franklin Resources Inc. increased its holdings in Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after buying an additional 923,409 shares during the last quarter. GMT Capital Corp increased its holdings in Cracker Barrel Old Country Store by 39.7% in the second quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after buying an additional 805,100 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at $43,930,000. Finally, Marshall Wace LLP acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $5,225,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

More Cracker Barrel Old Country Store News

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.