On Dec 06, major Wall Street analysts update their ratings for $Cracker Barrel Old Country Store Inc (CBRL.US)$, with price targets ranging from $53 to $60.
BofA Securities analyst Katherine Griffin maintains with a sell rating, and adjusts the target price from $45 to $53.
UBS analyst Dennis Geiger maintains with a hold rating, and adjusts the target price from $75 to $60.
Loop Capital analyst Alton Stump maintains with a hold rating, and adjusts the target price from $45 to $55.
Piper Sandler analyst Brian Mullan maintains with a hold rating, and adjusts the target price from $70 to $58.
Truist Financial analyst Jake Bartlett maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Cracker Barrel Old Country Store Inc (CBRL.US)$'s main analysts recently are as follows:
Cracker Barrel's store-level execution has shown improvement, potentially indicating early successes in the strategic turnaround. Analysts note that the primary driver for the Q1 traffic performance appears to be favorable industry trends. While an expansion in restaurant-level margin is anticipated by FY25, forecasts for FY25 EPS have been adjusted downwards due to anticipated increases in G&A and interest expenses.
Cracker Barrel's Q1 call highlighted improving sales trends in a challenging macroeconomic environment, while reaffirming FY25 guidance and indicating continued progress against strategic plans. FY25 guidance is seen as achievable, underscored by same store sales outperformance relative to industry trends and traffic improvement. Although Thanksgiving results in Q2 were positive, traffic pressures are expected to persist in the near term due to ongoing macroeconomic headwinds. Management anticipates significant improvements in results to commence in 2H26 with an acceleration into FY27.
Cracker Barrel's first quarter performance was noted as solid, bolstered by a 2.9% increase in comparable sales despite a 1.6% dip in retail comparable sales. The company attributed this positive trajectory to sustained improvements in customer traffic during dinner time, marking the fourth consecutive quarter of such trends contributing to robust same-store sales growth.
Here are the latest investment ratings and price targets for $Cracker Barrel Old Country Store Inc (CBRL.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
