Cracker Barrel Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | September 17, 2024 02:56am

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 19.

Analysts expect the Lebanon, Tennessee-based company to report quarterly earnings at $1.10 per share, down from $1.79 per share in the year-ago period. Cracker Barrel projects to report quarterly revenue of $897.38 million for the quarter, compared to $836.73 million a year earlier, according to data from Benzinga Pro.

On July 18, Cracker Barrel named Sarah Moore as new Chief Marketing Officer.

Cracker Barrel shares rose 3.1% to close at $40.45 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst Jake Bartlett maintained a Hold rating and cut the price target from $46 to $42 on Sept. 5. This analyst has an accuracy rate of 74%.
• Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on Aug. 6. This analyst has an accuracy rate of 73%.
• B of A Securities analyst Sara Senatore maintained an Underperform rating and cut the price target from $48 to $46 on July 17. This analyst has an accuracy rate of 61%.
• Citigroup analyst Jon Tower maintained a Sell rating and cut the price target from $48 to $42 on May 31. This analyst has an accuracy rate of 70%.
• Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $75 to $70 on March 4. This analyst has an accuracy rate of 78%.

Considering buying CBRL stock? Here’s what analysts think:

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Posted In: CBRL