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On Friday, Loop Capital analysts raised the price target for Cracker Barrel stock (NASDAQ: NASDAQ:CBRL) to $55 from $50, while maintaining a Hold rating. This decision followed Cracker Barrel’s fiscal third-quarter earnings report, which showed an adjusted earnings per share (EPS) of $0.58, surpassing both the analysts’ estimate of $0.49 and the consensus estimate of $0.21. According to InvestingPro data, analyst targets for the stock range from $39 to $64, with 4 analysts recently revising their earnings estimates upward.
Cracker Barrel’s restaurant comparable sales increased by 1.0% in the third quarter, falling short of Loop Capital’s forecast of 2.0% growth and the consensus expectation of a 1.5% rise. The company experienced a 4.9% increase in menu pricing, while traffic decreased by 3.9%. The company, currently valued at $1.19 billion, has maintained steady revenue growth of 2.84% over the last twelve months.
Despite the modest miss in comparable sales, the significant EPS beat prompted Loop Capital to adjust its price target for Cracker Barrel. The analysts cited a revised fiscal year 2025 enterprise value to EBITDA estimate as the basis for the new target.
Cracker Barrel’s performance in the third quarter highlights the challenges the company faces in balancing pricing strategies with customer traffic. The updated price target reflects Loop Capital’s outlook on the company’s financial trajectory.
In other recent news, Cracker Barrel reported its third-quarter 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $0.58, significantly higher than the forecasted $0.26. Despite this strong performance in EPS, the company experienced a slight revenue shortfall, posting $821.1 million against an anticipated $827.63 million. Cracker Barrel raised its full-year adjusted EBITDA guidance to between $215 million and $225 million, indicating confidence in its strategic initiatives. The company continues to innovate with new menu offerings and AI-driven personalization to enhance customer experience and operational efficiency. Meanwhile, Citi analysts have raised the price target for Cracker Barrel stock to $45 from $42, while maintaining a Sell rating. This decision reflects the company’s ongoing efforts to revitalize its brand and address years of declining traffic and profits. Cracker Barrel’s year-to-date store profits have improved by approximately 50 basis points, driven primarily by check growth. These developments are part of the company’s broader strategy to support long-term recovery and resonate with guests.
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