Cracker Barrel’s Financial Outlook: Sell Rating Amidst External Challenges and Rising Costs

Analyst Katherine Griffin of Bank of America Securities reiterated a Sell rating on Cracker Barrel (CBRL – Research Report), reducing the price target to $48.00.

Katherine Griffin’s rating is based on a combination of factors impacting Cracker Barrel’s financial outlook. Despite recent improvements in same-store sales growth and operational execution, external challenges such as severe weather and increased costs are expected to pressure the company’s performance in fiscal year 2026.
Additionally, rising general and administrative expenses and investments in rebranding and back-of-house optimization are anticipated to offset the benefits of the company’s turnaround efforts. The impact of tariffs on imported goods and higher egg prices further contribute to the anticipated strain on profitability. Consequently, Griffin has lowered the target price objective and reiterated a Sell rating, reflecting concerns over the company’s ability to achieve sustainable growth amidst these headwinds.

According to TipRanks, Griffin is a 3-star analyst with an average return of 6.3% and a 52.78% success rate. Griffin covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Cracker Barrel, and Cheesecake Factory.