UBS lowered the firm’s price target on Cracker Barrel to $70 from $75 and keeps a Neutral rating on the shares. Cracker Barrel’s Q1 earnings commentary highlighted continued traffic pressures and incremental investments weighing on margins, while FY24 guidance largely underwhelmed, the analyst tells investors in a research note.
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Read More on CBRL:
- Cracker Barrel price target lowered to $57 from $65 at Citi
- Cracker Barrel (NASDAQ:CBRL) Cracks on Big Q1 Miss
- Cracker Barrel sees FY24 revenue $34B-$3.5B, consensus $3.5B
- Cracker Barrel reports Q1 adjusted EPS 51c, consensus 74c
- CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2024 RESULTS
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