Cracker Barrel (CBRL) PT Raised to $47 at Truist Securities

Truist Securities analyst Jake Bartlett raised the price target on Cracker Barrel (NASDAQ: CBRL) to $47.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "Following F2Q26 results (SSS and adj. EBITDA beat) and increased guidance, we are increasing ests. and our PT to $47, from $45. Improving trends in January and February give us increased confidence that CBRL's sales will recover from the August re-branding fiasco, driven by a combination of operational improvements, menu innovation, loyalty penetration, time (heals all wounds), and a possible boost from tax refunds. We view modestly increased FY26 sales and EBITDA guidance as appropriately conservative, given macro uncertainty, but see potential for significant upside if current trends (as indicated by the Truist Card data) continue."

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