Cracker Barrel (CBRL.O) Receives Mixed Analyst Ratings Amid Financial Performance Review

Key Points

• Truist Financial and Benchmark Co. maintained a Hold rating on Cracker Barrel (CBRL), while Bank of America Securities assigned a Sell rating.
• Cracker Barrel reported a quarterly revenue of $935.4 million and a net profit of $26.53 million for the quarter ending January 31.
• The company reported an adjusted EPS of 88 cents, exceeding the consensus estimate of 66 cents, despite recent price target reductions by Truist and Citi.

In this news

Cracker Barrel Old Country Store, Inc. (CBRL) has recently been the subject of mixed analyst ratings, reflecting a cautious outlook on the company's financial performance. Analysts from Truist Financial and Benchmark Co. have maintained a Hold rating on the stock, while Bank of America Securities has assigned a Sell rating. This divergence in analyst opinions comes on the heels of Cracker Barrel's latest financial report, which showed a quarterly revenue of $935.4 million and a net profit of $26.53 million for the quarter ending January 31. These figures represent a notable comparison to the previous year's performance.

In addition to the analyst ratings, recent updates have seen Truist and Citi lowering Cracker Barrel's price target. Despite these adjustments, the company reported Q3 fiscal results with an adjusted EPS of 88 cents, surpassing the consensus estimate of 66 cents. This positive earnings surprise indicates that Cracker Barrel's operational strategies might be yielding better-than-expected results, even as the broader market remains cautious.

Insider trading insights from TipRanks have also highlighted certain company insiders who are adept at timing their transactions, suggesting that insider activities could influence Cracker Barrel's stock performance. As the company continues to navigate the challenges of the current economic environment, these mixed signals from analysts and insiders will likely play a crucial role in shaping investor sentiment and future stock movements.