Cracker Barrel offers buying opportunity, says Argus

Argus keeps a Buy rating and $95 price target on Cracker Barrel while noting that the stock offers a buying opportunity. The company is working to increase sales and attract more customers, especially younger customers, to its restaurants and also has begun to serve alcoholic beverages as well as new appetizers that are raising the average check, the analyst tells investors in a research note. New forecasting technology that helps restaurants to reduce food waste and better manage staffing is also benefitting the company, the firm added.