Piper Sandler analyst Brian Mullan raised the firm’s price target on Cracker Barrel (CBRL) to $58 from $46 and keeps a Neutral rating on the shares following quarterly results. With preliminary results already released about 20 days ago, there was no mystery coming in on same-store sales, the firm notes. However, Cracker Barrel did again re-affirm its Fiscal 2025 guidance, which was a modest incremental positive, Piper adds.
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 $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
- Cracker Barrel CEO: Our early dine option has been phenomenal
- Cracker Barrel reports Q1 comparable store restaurant sales increased 2.9%