Piper Sandler analyst Brian Mullan raised the firm’s price target on Cracker Barrel (CBRL) to $46 from $44 and keeps a Neutral rating on the shares. Following the company’s fiscal Q1 2025 pre-announcement, the firm is updating its model to align with the expected results. Relative to its prior estimates, same-stores sales are revised higher in both the Restaurant and Retails segments.
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