Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $35.00 at Wells Fargo & Company

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Wells Fargo & Company from $30.00 to $35.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price points to a potential upside of 15.25% from the stock’s current price.

A number of other analysts have also recently weighed in on CBRL. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group upped their target price on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America cut their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Two investment 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’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Reduce” and an average price target of $37.25.

Cracker Barrel Old Country Store Trading Down 0.8%

Shares of CBRL stock traded down $0.25 during trading hours on Thursday, hitting $30.37. 1,354,304 shares of the company were exchanged, compared to its average volume of 1,435,240. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $71.93. The firm has a fifty day moving average of $30.85 and a 200 day moving average of $36.21. The firm has a market cap of $678.10 million, a PE ratio of 40.49 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 announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. The company had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. Cracker Barrel Old Country Store’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS. Analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the company’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 value of $1,083,744.00. Following the completion of the sale, the insider directly owned 2,240,200 shares of the company’s stock, valued at approximately $57,259,512. This represents a 1.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 254,400 shares of company stock worth $6,661,464. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. Caitong International Asset Management Co. Ltd grew its position in Cracker Barrel Old Country Store by 107.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator’s stock worth $32,000 after buying an additional 645 shares during the last quarter. Hamilton Wealth LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $219,000. Invesco Ltd. boosted its position in shares of Cracker Barrel Old Country Store by 46.5% in the 4th 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 purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $2,659,000. Finally, SummitTX Capital L.P. raised its holdings in Cracker Barrel Old Country Store by 526.0% during the 4th quarter. SummitTX Capital L.P. now owns 107,626 shares of the restaurant operator’s stock worth $2,734,000 after buying an additional 90,434 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting Cracker Barrel Old Country Store

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

• Positive Sentiment: Truist raised its price target to $47 and kept a “buy” rating, implying ~55% upside vs. current levels — a clear positive analyst signal for investors. Truist lifts price target on Cracker Barrel to $47
• Positive Sentiment: Company declared a quarterly dividend of $0.25 (annualized yield ~3.3%), supporting income-oriented holders and providing a floor to equity value.
• Positive Sentiment: Q2 results beat headlines: EPS $0.25 vs. consensus (-$0.10) and revenue ~$874.8M vs. $862.9M est. — the beat reduces near-term downside risk from the quarter. CRACKER BARREL REPORTS SECOND QUARTER FISCAL 2026 RESULTS
• Neutral Sentiment: Earnings call and full transcripts are available for investors who want management commentary on comps, margins and the outlook. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst writeups and metric breakdowns (Zacks, Yahoo Finance summaries) provide deeper detail on comps, margins and same?store trends for investors doing due diligence. Here’s What Key Metrics Tell Us About Cracker Barrel Q2 Earnings
• Neutral Sentiment: Reported short?interest data in filings appears anomalous/zeroed out and offers no clear signal to traders at this time.
• Negative Sentiment: Management updated FY2026 guidance with revenue shown roughly in a $3.2B–$3.3B band versus consensus near $3.3B — the cautious top?line outlook tempers enthusiasm from the quarter’s beat. Q2 press release and outlook
• Negative Sentiment: Coverage and opinion pieces (Seeking Alpha, WSJ) note that Cracker Barrel is still repairing its business after last year’s branding misstep and some analysts argue the stock still merits a downgrade despite the beat. Cracker Barrel Surprised In A Good Way, But Still Deserves A Downgrade Cracker Barrel Works to Repair Its Business

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.