Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $28.00 Price Target at Citigroup

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective raised by Citigroup from $24.00 to $28.00 in a report published on Thursday,Benzinga reports. They currently have a sell rating on the restaurant operator’s stock.

CBRL has been the subject of a number of other reports. UBS Group upped their price objective on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, December 29th. Zacks Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Piper Sandler decreased their target price on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $37.75.

Cracker Barrel Old Country Store Trading Up 1.5%

NASDAQ:CBRL opened at $31.07 on Thursday. The company has a market capitalization of $693.79 million, a P/E ratio of -172.60 and a beta of 1.24. The stock’s 50 day moving average price is $30.94 and its 200 day moving average price is $36.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate 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 company had revenue of $874.82 million during the quarter, compared to the consensus estimate of $862.89 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, research analysts forecast that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, April 10th. Cracker Barrel Old Country Store’s payout ratio is currently 133.33%.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal 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 three months. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently bought and sold shares of CBRL. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $26,000. Assetmark Inc. raised its position in shares of Cracker Barrel Old Country Store by 517.3% during the second 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 shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $35,000. Canada Pension Plan Investment Board acquired a new stake in Cracker Barrel Old Country Store during the second quarter worth about $37,000. Finally, Byrne Asset Management LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at about $51,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Cracker Barrel Old Country Store

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

• Positive Sentiment: Q2 earnings beat — Cracker Barrel reported $0.25 EPS vs. a consensus loss near ($0.10) and slightly topped revenue estimates, which investors viewed as a relief after a weak prior year; this helped push shares up in after-hours trading. Cracker Barrel Q2 Earnings Beat Estimates, Revenues Down Y/Y
• Positive Sentiment: Dividend reinstated/confirmed — Company announced a $0.25 quarterly dividend (3.3% yield), which supports income-focused investors and can cushion sentiment while the turnaround continues. Cracker Barrel Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Bullish analyst moves — Several firms raised targets: Truist lifted its target to $47 (buy) and Wells Fargo to $35 (equal weight), signaling some analysts see meaningful upside if execution improves. Truist Lifts Price Target to $47 Wells Fargo PT Raised to $35
• Neutral Sentiment: UBS raised its target to $31 but maintained a neutral rating — this is mixed: a higher target but no upgrade in conviction. UBS PT Raised to $31, Neutral Maintained
• Neutral Sentiment: Earnings call tone — Management described “progress amid pressure,” highlighting cost actions and menu/marketing steps but acknowledging traffic/comp headwinds; this keeps the story balanced between recovery potential and execution risk. Cracker Barrel Earnings Call: Progress Amid Pressure
• Negative Sentiment: Revenue and comps remain down — Q2 revenue fell ~7.9% year-over-year and comparable-store sales declined, underscoring that top-line recovery is incomplete. Cracker Barrel Press Release (Q2 Results)
• Negative Sentiment: Guidance trimmed/narrowed — Management updated FY26 revenue guidance slightly below some estimates (roughly $3.2–$3.3B vs. consensus nearer $3.3B), keeping uncertainty about full-year recovery. FQ2 Results Better Than Feared, Narrows FY26 Sales Outlook
• Negative Sentiment: Negative media/analyst tone persists — Coverage highlights ongoing brand/traffic issues after last year’s logo controversy and some analysts argue the stock still merits a downgrade; Citigroup keeps a sell rating despite a modest PT increase. WSJ: Cracker Barrel Works to Repair Its Business Benzinga: Citigroup PT Raised to $28, Sell Rating

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.