Cracker Barrel price target lowered to $45 from $50 at Loop Capital

Loop Capital analyst Alton Stump lowered the firm’s price target on Cracker Barrel to $45 from $50 and keeps a Hold rating on the shares. The company reported a Q4 earnings miss, with restaurant comparable sales up 0.4% – menu pricing was up 4.2% and traffic down 3.8% – which was modestly below the firm’s forecast for 1.0% growth but in line with consensus, the analyst tells investors in a research note.