Citigroup Issues Positive Forecast for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price raised by equities research analysts at Citigroup from $24.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the restaurant operator’s stock. Citigroup’s target price points to a potential downside of 9.74% from the company’s previous close.

Several other brokerages have also recently weighed in on CBRL. Bank of America lowered 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. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday. Piper Sandler dropped their target price 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. Wells Fargo & Company raised their target price on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Reduce” and a consensus target price of $37.75.

Cracker Barrel Old Country Store Trading Up 1.3%

CBRL stock traded up $0.40 during trading on Thursday, hitting $31.02. The company had a trading volume of 1,938,900 shares, compared to its average volume of 1,447,562. 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 50 day simple moving average of $30.85 and a 200-day simple moving average of $36.21. The firm has a market capitalization of $692.61 million, a P/E ratio of 41.36 and a beta of 1.24. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. The business 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 net margin of 0.49% and a return on equity of 9.74%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. As a group, research analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 42,400 shares of the 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 sale, the insider owned 2,240,200 shares of the company’s stock, valued at $57,259,512. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 254,400 shares of company stock worth $6,661,464. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth about $26,000. Assetmark Inc. raised its stake in shares of Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing 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 in the fourth quarter worth about $35,000. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $37,000. Finally, Byrne Asset Management LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $51,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Key Cracker Barrel Old Country Store News

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Q2 beat on the bottom line and revenue slightly above estimates — CBRL reported $0.25 EPS vs. a consensus loss and revenue of $874.8M vs. est. $862.9M, which reassures investors that operations are stabilizing. PR Newswire Earnings Release
• Positive Sentiment: High-profile analyst upgrades/target increases — Truist raised its PT to $47 and kept a Buy rating (largest upside among peers), and Wells Fargo lifted its PT to $35 with an Equal Weight rating; these moves provide fresh buy-side support. Truist Note Wells Fargo Note
• Positive Sentiment: Quarterly dividend maintained — Board declared a $0.25 quarterly dividend (3.3% yield), supporting income investors and providing a valuation floor.
• Neutral Sentiment: UBS raised its price target slightly to $31 but kept a Neutral rating, signaling limited near?term upside despite the tweak. UBS Note
• Neutral Sentiment: Earnings call/transcript and analyst commentary available — Investors can review the call and transcripts for management commentary on traffic trends, costs and the narrowed outlook. Earnings Call Summary Call Transcript
• Negative Sentiment: Revenue and guidance concerns — Revenue declined ~7.9% year?over?year and FY26 revenue guidance was updated to a ~$3.2–3.3B range, slightly below consensus, leaving investors cautious about top?line recovery. Zacks Analysis
• Negative Sentiment: Analyst and media criticism — Commentary (e.g., Seeking Alpha, WSJ) argues the company still faces execution risks after last year’s brand missteps, which supports calls for more conservative ratings and could limit multiple expansion. Seeking Alpha Critique WSJ Coverage

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.