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.
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