Citigroup Maintains Sell on Cracker Barrel Old, Raises Price Target to $44
Citigroup analyst Jon Tower maintains Cracker Barrel Old (NASDAQ:CBRL) with a Sell and raises the price target from $42 to $44.
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Filed: 2026-09-23 AccNo: 0001104659-26-109812 Size: 2 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
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Citigroup analyst Jon Tower maintains Cracker Barrel Old (NASDAQ:CBRL) with a Sell and raises the price target from $42 to $44.
Cracker Barrel tops Q4 earnings and revenue estimates, slashes debt, and declares a $0.25 dividend. Get the full financial breakdown.
Cracker Barrel reported Q4 2026 revenue of $849.34 million, down 2.2% YoY but beating consensus estimates by 2.19%. EPS of $0.99 significantly exceeded the $0.20 estimate. Comparable restaurant sales declined 2.1% while retail sales grew 0.7%. The stock has declined 22% over the past month but maintains a Zacks Rank #1 (Strong Buy) rating.
Cracker Barrel reported Q4 earnings of $0.99 per share, significantly beating the consensus estimate of $0.20 per share, representing a 395% earnings surprise. Revenues of $849.34 million also exceeded estimates by 2.19%, though down slightly from $868.01 million year-ago. The stock has gained 79.1% year-to-date and received a Zacks Rank #1 (Strong Buy) rating, though the Retail-Restaurants industry remains in the bottom 35% of Zacks industries.