Truist raised the firm’s price target on Cracker Barrel (CBRL) to $51 from $48 and keeps a Hold rating on the shares as part of a broader research note offering the firm’s takeaways from the 2025 ICR Conference discussions. Restaurant and foodservice distributor management teams were cautiously optimistic about demand trends in FY25 and see no red flags on operating costs, the analyst tells investors in a research note. The company is also only in Phase 1 of 3 of its back of house optimization strategy focused on streamlining processes as opposed to equipment changes, the firm added.
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