BofA raised the firm’s price target on Cracker Barrel (CBRL) to $53 from $45 and keeps an Underperform rating on the shares. Cracker Barrel’s store-level execution has improved, which could signal early wins in the strategic turnaround, but the firm believes favorable industry trends primarily drove the Q1 traffic performance. While the firm expects restaurant-level margin to expand in FY25, it is lowering its FY25 EPS forecast on higher G&A and interest expense.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBRL:
- Cracker Barrel price target raised to $55 from $45 at Loop Capital
- Cracker Barrel price target raised to $58 from $46 at Piper Sandler
- Cracker Barrel price target raised to $60 from $42 at UBS
- Investor Concerns Arise as Cracker Barrel’s Trading Plan Inactivity Sparks Governance Questions
- Cracker Barrel Reports Solid Q1 Fiscal 2025 Results