Cracker Barrel price target raised to $55 from $45 at Loop Capital

Loop Capital raised the firm’s price target on Cracker Barrel (CBRL) to $55 from $45 and keeps a Hold rating on the shares. The company reported “solid” Q1 results, with comparable sales up 2.9% but retail comparable sales declining 1.6%, the analyst tells investors in a research note. The company cited improved traffic trends during the dinner daypart for the fourth quarter in a row as a key driver behind the solid same-store sales growth performance in Q1, Loop adds.