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 price objective increased by Wells Fargo & Company from $30.00 to $35.00 in a report released on Thursday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on CBRL. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup raised their price target on Cracker Barrel Old Country Store from $20.00 to $24.00 and gave the stock a “sell” rating in a research report on Friday, February 20th. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, January 20th. Two 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $37.75.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $31.07 on Thursday. The stock has a market cap of $693.79 million, a P/E ratio of -172.60 and a beta of 1.24. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $71.93. The stock’s 50-day moving average price is $30.94 and its two-hundred day moving average price is $36.18. The company has a current ratio of 0.51, a quick ratio of 0.16 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. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.19%. The business had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same period last year, the company posted $1.38 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders 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 3.2%. The ex-dividend date of this dividend is Friday, April 10th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 133.33%.

Insider Activity

In related news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store 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 owned 2,240,200 shares of the company’s stock, valued at approximately $57,259,512. This trade represents a 1.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 254,400 shares of company stock worth $6,661,464 in the last ninety days. 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 the business. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $26,000. Assetmark Inc. increased its stake in Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 419 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $37,000. Finally, Byrne Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $51,000. 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: CBRL reported $0.25 EPS versus a consensus loss, and revenue of $874.8M topped estimates — an upside surprise that helped lift sentiment. Cracker Barrel Q2 Earnings Beat
• Positive Sentiment: Analyst bullishness: Truist raised its price target to $47 and kept a buy rating, signaling meaningful upside vs. the current level and likely supporting buying interest. Truist lifts PT to $47
• Positive Sentiment: Dividend confirmed: Board declared a quarterly dividend of $0.25 per share (ex‑dividend April 10), supporting income‑oriented investors and underscoring cash‑flow priorities.
• Neutral Sentiment: Additional analyst PT moves with mixed ratings: UBS raised its PT to $31 and kept a neutral rating, and Wells Fargo lifted its PT to $35 with an equal‑weight stance — these changes add liquidity and interest but reflect differing views on near‑term upside. UBS PT raised to $31 Wells Fargo PT to $35
• Neutral Sentiment: Earnings call & transcripts available: Management framed the quarter as “progress amid pressure” and provided investor color on operations and cost actions — helpful context but not a clear catalyst alone. Earnings call summary Call transcript
• Neutral Sentiment: Short‑interest data in feeds shows anomalies (zero/NaN), offering no clear signal on positioning — treat as noise until clarified.
• Negative Sentiment: Guidance and sales weakness: Management narrowed FY26 outlook while issuing a revenue range that sits around/below consensus (~$3.2–3.3B), and comparable‑store declines and y/y revenue weakness remain headwinds. Press release
• Negative Sentiment: Critical analyst views: Some commentary (e.g., Seeking Alpha) argues the stock still merits a downgrade despite the beat, keeping skepticism alive among value/earnings‑focused investors. Seeking Alpha critique
• Negative Sentiment: Mixed sell‑side stance: Citi raised its PT to $28 but retained a sell rating, signaling some analysts still expect downside and keeping selling pressure possible. Benzinga note

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.