Argus raised the firm's price target on Cracker Barrel to $60 from $40 and keeps a Buy rating on the shares. The company reported better-than-expected results for its Q3 and raised FY26 revenue guidance as it works to get consistent with improved performance from its main metrics, the analyst tells investors in a research note. Cracker Barrel management has been forthcoming about the company's sluggish performance and has outlined specific actions it is taking to improve operations, reconnect with its customers, and operate more efficiently, Argus added.
