Citigroup raises target for Cracker Barrel stock to USD 44.00

Published on 10/02/2026 at 05:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share reached USD 0.99 versus USD 0.10 expected. For Cracker Barrel stock, revenue guidance is USD 3.325-3.4 billion.

CBRL, US22410J1060, Illustration mit AI erstellt.

Cracker Barrel Old Country Store (US22410J1060) had a Lang & Schwarz prior close of EUR 46.00 on October 1, 2026. On September 25, 2026, Citigroup raised its price target from USD 42.00 to USD 44.00 while maintaining a Sell rating, according to Yahoo Finance.

Citigroup keeps a cautious target

The revised target remains below the USD 51.72 Nasdaq quote shown for October 1, 2026, while the target change signals a narrower gap between the analyst view and the market value. Yahoo Finance lists an average analyst target of USD 50.71 and a range from USD 44.00 to USD 60.00, giving the target debate a wide spread.

Profit improves as sales contract

Cracker Barrel reported fiscal fourth-quarter revenue of USD 849.3 million for the period ended July 31, 2026, down 2.20 percent from USD 868.0 million a year earlier. GAAP net income increased to USD 12.2 million from USD 6.8 million, while adjusted earnings per diluted share reached USD 0.99 compared with USD 0.74 in the prior-year quarter, according to PR Newswire.

The quality of that improvement is mixed. Adjusted EBITDA rose 11.40 percent to USD 62.1 million from USD 55.7 million, but comparable restaurant sales fell 2.10 percent and guest traffic declined 6.10 percent in the same quarter, according to The Motley Fool.

Fiscal 2027 starts with a wide range

The company guided to fiscal 2027 revenue of USD 3.325 billion to USD 3.4 billion and adjusted EBITDA of USD 180 million to USD 200 million. The outlook assumes comparable restaurant sales growth of 3.00 percent to 5.00 percent and no new store openings, shifting the turnaround test toward traffic, pricing and execution in existing locations.

The board also declared a quarterly dividend of USD 0.25 per share, payable November 12, 2026, to shareholders of record on October 16, 2026. That payment date gives the published outlook a concrete near-term shareholder event.

Euro prior close and market value

The prior close at Lang & Schwarz was EUR 46.00 on October 1, 2026. CBRL had a market capitalization of USD 1.2 billion and a 52-week range of USD 24.85 to USD 60.26 as of October 1, 2026.