UBS lowered the firm’s price target on Cracker Barrel to $75 from $100 and keeps a Neutral rating on the shares. Cracker Barrel’s Q4 earnings commentary highlighted ongoing traffic and sales pressures, as well as underwhelming Q1 guidance given continued macro headwinds, the analyst tells investors in a research note.
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Read More on CBRL:
- Cracker Barrel sees Q1 revenue $800M-$850M, consensus $848.54M
- Cracker Barrel reports Q4 adjusted EPS $1.79, consensus $1.61
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